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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 EXCHANGE TRADED FD T ETF 46137V357 8,550,564 47,048 SH SOLE 0 0 47,048
ISHARES TR ETF 464288646 12,487,986 236,694 SH SOLE 0 0 236,694
ISHARES TR ETF 464287440 8,328,626 86,965 SH SOLE 0 0 86,965
ISHARES TR ETF 46432F842 21,136,707 253,195 SH SOLE 0 0 253,195
ISHARES INC ETF 46434G103 10,066,997 167,699 SH SOLE 0 0 167,699
ISHARES TR ETF 464287507 11,048,305 178,141 SH SOLE 0 0 178,141
ISHARES TR ETF 464287804 7,352,789 67,278 SH SOLE 0 0 67,278
ISHARES TR ETF 464287226 41,491,792 418,264 SH SOLE 0 0 418,264
ISHARES TR ETF 464287242 12,549,140 114,489 SH SOLE 0 0 114,489
SPDR SERIES TRUST ETF 78468R101 8,275,238 282,528 SH SOLE 0 0 282,528
SPDR S&P 500 ETF TR ETF 78462F103 38,359,818 62,086 SH SOLE 0 0 62,086
VANGUARD INDEX FDS ETF 922908736 8,119,241 18,520 SH SOLE 0 0 18,520
VANGUARD INDEX FDS ETF 922908744 20,331,660 115,037 SH SOLE 0 0 115,037