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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
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
Invesco S&P SMLCAP QTY 46138G300 2,036,500 50,000 SH SOLE 50,000 0 0
IShares EM MKT SM-CP ETF 464286475 16,054,273 288,694 SH SOLE 288,694 0 0
IShares MRGSTR MD CP GRW 464288307 8,785,890 123,000 SH SOLE 123,000 0 0
IShares MSCI INTL QUALTY 46434V456 21,313,530 537,000 SH SOLE 637,000 0 0
VanEck MRNGSTR WDE MOAT 92189F643 58,244,912 661,874 SH SOLE 661,874 0 0
Vanguard DIV APP ETF 921908844 15,141,114 78,051 SH SOLE 78,051 0 0
Vanguard HIGH DIV YLD 921946406 15,140,291 117,403 SH SOLE 117,403 0 0
Vanguard SM CP VAL ETF 922908611 4,563,234 23,400 SH SOLE 23,400 0 0
S&P BLOOMBERG SHT TE 78468R408 18,286,288 726,800 SH SOLE 726,800 0 0
Vanguard SHRT TRM CORP BD 92206C409 15,966,720 202,264 SH SOLE 402,264 0 0
Vanguard MTG-BKD SECS ETF 92206C771 9,268,000 200,000 SH SOLE 200,000 0 0
Vanguard LG-TERM COR BD 92206C813 31,616,515 416,500 SH SOLE 266,500 0 0
IShares GLB INFRASTR ETF 464288372 2,525,754 46,200 SH SOLE 46,200 0 0