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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
BETA TECHNOLOGIES INC COM SHS CL A 086921103 4,615,682 313,992 SH SOLE 313,992 0 0
SPDR GOLD TR GOLD SHS 78463V107 476,070,705 1,106,395 SH SOLE 1,106,395 0 0
BARCLAYS BANK PLC DJUBS CMDT ETN36 06738C778 1,620,537 33,691 SH DFND 0 33,691 0
INVESCO DB COMMDY INDX TRCK UNIT 46138B103 4,563,448 155,962 SH DFND 0 155,962 0
ISHARES GOLD TR ISHARES NEW 464285204 12,695,251 149,479 SH DFND 0 149,479 0
ISHARES TR TIPS BD ETF 464287176 13,925,508 126,194 SH DFND 0 126,194 0
ISHARES TR 20 YR TR BD ETF 464287432 13,420,787 154,653 SH DFND 0 154,653 0
ISHARES S&P GSCI COMMODITY- UNIT BEN INT 46428R107 1,697,125 52,091 SH DFND 0 52,091 0
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 7,013,174 113,061 SH DFND 0 113,061 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 5,257,045 100,287 SH DFND 0 100,287 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 6,294,957 10,836 SH DFND 0 10,836 0