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
Expires: July 31, 2015
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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
ACCURAY INC DEL COM 004397105 2,740 10,630 SH SOLE 10,630 0 0
ALPS ETF TR ALERIAN MLP 00162Q452 2,118,936 40,867 SH SOLE 40,867 0 0
BEL FUSE INC CL A 077347201 325,886 1,119 SH SOLE 1,119 0 0
DBX ETF TR XTRACK HRVST CSI 233051879 624,650 17,039 SH SOLE 17,039 0 0
DOUBLELINE ETF TRUST OPPO CORE BD ETF 25861R105 1,199,436 26,309 SH SOLE 26,309 0 0
ELME COMMUNITIES SH BEN INT 939653101 14,800 10,000 SH SOLE 10,000 0 0
FRANKLIN TEMPLETON ETF TR US MID CP MLTFCT 35473P884 6,543,989 113,052 SH SOLE 113,052 0 0
GOSSAMER BIO INC COM 38341P102 3,636 22,091 SH SOLE 22,091 0 0
INVESCO ACTIVELY MANAGED EXC VAR RATE INVT 46090A879 1,210,806 48,297 SH SOLE 48,297 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357 501,499 2,357 SH SOLE 2,357 0 0
ISHARES INC MSCI MEXICO ETF 464286822 1,226,525 16,295 SH SOLE 16,295 0 0
ISHARES TR GLOB HLTHCRE ETF 464287325 1,196,891 12,166 SH SOLE 12,166 0 0
ISHARES TR U.S. BAS MTL ETF 464287838 690,831 3,848 SH SOLE 3,848 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 627,366 13,597 SH SOLE 13,597 0 0
ISHARES TR TRUST ISHARE 0-1 464288679 798,272 7,234 SH SOLE 7,234 0 0
ISHARES TR GLOBAL 100 ETF 464287572 587,790 4,303 SH SOLE 4,303 0 0
LEGG MASON ETF INVT FRANKLIN INTL LW 52468L505 644,571 15,882 SH SOLE 15,882 0 0
SELECT SECTOR SPDR TR ST STR INDL ETF 81369Y704 5,349,998 28,883 SH SOLE 28,883 0 0
SELECT SECTOR SPDR TR ST STR STAPL ETF 81369Y308 5,177,465 62,327 SH SOLE 62,327 0 0
SELECT SECTOR SPDR TR ST STR FINL ETF 81369Y605 5,241,467 97,770 SH SOLE 97,770 0 0
SELECT SECTOR SPDR TR ST STR ENERG ETF 81369Y506 6,386,587 120,252 SH SOLE 120,252 0 0
SELECT SECTOR SPDR TR ST STR MATER ETF 81369Y100 5,232,356 102,938 SH SOLE 102,938 0 0
SELECT SECTOR SPDR TR ST STR DISCR ETF 81369Y407 5,172,559 44,104 SH SOLE 44,104 0 0
SELECT SECTOR SPDR TR ST STR UTIL ETF 81369Y886 5,300,094 116,897 SH SOLE 116,897 0 0
SELECT SECTOR SPDR TR ST STR TECHN ETF 81369Y803 5,391,887 28,301 SH SOLE 28,301 0 0
SELECT SECTOR SPDR TR ST STR REAL ETF 81369Y860 5,195,289 117,994 SH SOLE 117,994 0 0
SELECT SECTOR SPDR TR ST STR CARE ETF 81369Y209 5,210,345 32,840 SH SOLE 32,840 0 0
SPDR INDEX SHS FDS ST STR PO EX ETF 78463X889 201,560 4,000 SH SOLE 4,000 0 0
SPDR SERIES TRUST ST STR SP BIOT 78464A870 1,214,252 7,673 SH SOLE 7,673 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 4,485,612 53,560 SH SOLE 53,560 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 355,037 2,262 SH SOLE 2,262 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 1,139,685 14,421 SH SOLE 14,421 0 0
WISDOMTREE TR BLMBG US BULL 97717W471 1,213,862 45,378 SH SOLE 45,378 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 1,339,921 7,722 SH SOLE 7,722 0 0
WISDOMTREE TR EM EX ST-OWNED 97717X578 4,466,365 90,817 SH SOLE 90,817 0 0