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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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
DBX ETF TR XTRACK MSCI EURP 233051853 2,409 92,092 SH   SOLE   92,092 0 0
GOLDMAN SACHS ETF TR ACCES TREASURY 381430529 2,760 27,550 SH   SOLE   27,550 0 0
INDEXIQ ETF TR HDGD FTSE INTL 45409B560 231,313 11,559,560 SH   SOLE   11,559,560 0 0
INDEXIQ ETF TR IQ 500 INT ETF 45409B362 75,167 2,788,846 SH   SOLE   2,788,846 0 0
INDEXIQ ETF TR IQ CHAIKIN US 45409B388 280,780 11,872,299 SH   SOLE   11,872,299 0 0
INDEXIQ ETF TR IQ CHAIKIN US 45409B396 247,615 9,976,436 SH   SOLE   9,976,436 0 0
INDEXIQ ETF TR IQ ENCH BD US 45409B487 79,560 4,225,152 SH   SOLE   4,225,152 0 0
INDEXIQ ETF TR IQ ENCH COR PL 45409B479 57,998 3,023,880 SH   SOLE   3,023,880 0 0
INDEXIQ ETF TR IQ GLB RES ETF 45409B883 127,857 4,664,601 SH   SOLE   4,664,601 0 0
INDEXIQ ETF TR IQ S&P HGH YLD 45409B412 26,929 1,094,217 SH   SOLE   1,094,217 0 0
INVESCO EXCHNG TRADED FD TR SR LN ETF 46138G508 4,180 185,510 SH   SOLE   185,510 0 0
ISHARES INC MSCI FRNTR100ETF 464286145 2,767 97,207 SH   SOLE   97,207 0 0
ISHARES TR EAFE SML CP ETF 464288273 24,541 427,239 SH   SOLE   427,239 0 0
ISHARES TR INTRM GOV CR ETF 464288612 37,720 342,099 SH   SOLE   342,099 0 0
ISHARES TR MSCI AC ASIA ETF 464288182 19,899 281,494 SH   SOLE   281,494 0 0
ISHARES TR MSCI INDIA ETF 46429B598 3,198 90,723 SH   SOLE   90,723 0 0
ISHARES TR MSCI PHILIPS ETF 46429B408 2,769 80,727 SH   SOLE   80,727 0 0
ISHARES TR MSCI POLAND ETF 46429B606 1,232 53,842 SH   SOLE   53,842 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 3,610 29,231 SH   SOLE   29,231 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 5,344 34,910 SH   SOLE   34,910 0 0
ISHARES TR SHORT TREAS BD 464288679 17,393 157,474 SH   SOLE   157,474 0 0
ISHARES TR TIPS BD ETF 464287176 3,375 29,851 SH   SOLE   29,851 0 0
SPDR INDEX SHS FDS S&P EMKTSC ETF 78463X756 10,937 245,388 SH   SOLE   245,388 0 0
SPDR SER TR SPDR BLOOMBERG 78468R663 5,913 64,581 SH   SOLE   64,581 0 0
VANECK VECTORS ETF TR AFRICA INDEX ETF 92189F866 1,406 65,360 SH   SOLE   65,360 0 0
VANECK VECTORS ETF TR INDIA SMALL CAP 92189F767 2,008 45,768 SH   SOLE   45,768 0 0
VANECK VECTORS ETF TR JP MORGAN MKTS 92189H300 9,237 276,892 SH   SOLE   276,892 0 0
VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 1,052 9,755 SH   SOLE   9,755 0 0
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 7,614 156,419 SH   SOLE   156,419 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 4,657 55,770 SH   SOLE   55,770 0 0