UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 | 15,629 | 714,000 | SH | SOLE | 714,000 | 0 | 0 | ||
| ISHARES TR | CHINA LG-CAP ETF | 464287184 | 20,364 | 559,000 | SH | SOLE | 559,000 | 0 | 0 | ||
| ISHARES INC | MIN VOL EMRG MKT | 464286533 | 91,865 | 1,950,000 | SH | SOLE | 1,950,000 | 0 | 0 | ||
| ISHARES TR | EDGE MSCI USA VL | 46432F388 | 40,064 | 624,510 | SH | SOLE | 624,510 | 0 | 0 | ||
| ISHARES TR | MSCI MIN VOL ETF | 46429B697 | 133,015 | 2,411,000 | SH | SOLE | 2,411,000 | 0 | 0 | ||
| VANGUARD INDEX FDS | VALUE ETF | 922908744 | 89,595 | 990,600 | SH | SOLE | 990,600 | 0 | 0 | ||
| NEW ORIENTAL ED & TECHNOLOGY | SPON ADR | 647581107 | 6,796 | 60,000 | SH | SOLE | 60,000 | 0 | 0 | ||
| ISHARES INC | CORE MSCI EMKT | 46434G103 | 186,273 | 4,523,000 | SH | SOLE | 4,523,000 | 0 | 0 | ||
| ISHARES TR | IBOXX INV CP ETF | 464287242 | 101,448 | 850,000 | SH | SOLE | 850,000 | 0 | 0 | ||
| SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 252,460 | 927,000 | SH | SOLE | 927,000 | 0 | 0 | ||
| ALIBABA GROUP HLDG LTD | SPONSORED ADS | 01609W102 | 12,600 | 63,400 | SH | SOLE | 63,400 | 0 | 0 | ||
| VANGUARD INDEX FDS | S&P 500 ETF SHS | 922908363 | 456,146 | 1,822,700 | SH | SOLE | 1,822,700 | 0 | 0 | ||
| ISHARES TR | USA MOMENTUM FCT | 46432F396 | 137,839 | 1,207,500 | SH | SOLE | 1,207,500 | 0 | 0 | ||
| ISHARES TR | CORE S&P500 ETF | 464287200 | 428,263 | 1,567,000 | SH | SOLE | 1,567,000 | 0 | 0 | ||
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 | 2,203 | 32,750 | SH | SOLE | 32,750 | 0 | 0 | ||
| ISHARES INC | MSCI STH KOR ETF | 464286772 | 17,300 | 361,000 | SH | SOLE | 361,000 | 0 | 0 | ||
| ISHARES INC | MSCI TAIWAN ETF | 46434G772 | 40,046 | 1,162,000 | SH | SOLE | 1,162,000 | 0 | 0 | ||
| JD.COM INC | SPON ADR CL A | 47215P106 | 5,126 | 100,000 | SH | SOLE | 100,000 | 0 | 0 | ||
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | 57,570 | 470,000 | SH | SOLE | 470,000 | 0 | 0 | ||
| QIAGEN NV | SHS NEW | N72482123 | 1,681 | 42,818 | SH | SOLE | 42,818 | 0 | 0 | ||
| ISHARES TR | IBOXX HI YD ETF | 464288513 | 78,384 | 1,060,000 | SH | SOLE | 1,060,000 | 0 | 0 | ||
| ISHARES TR | USA QUALITY FCTR | 46432F339 | 21,871 | 254,000 | SH | SOLE | 254,000 | 0 | 0 | ||
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | 104,261 | 760,000 | SH | SOLE | 760,000 | 0 | 0 | ||