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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
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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
FIRST TR EXCHANGE-TRADED FD DJ INTERNT IDX 33733E302 531,248 2,270 SH SOLE 2,270 0 0
ISHARES INC MSCI PAC JP ETF 464286665 997,437 18,770 SH SOLE 18,770 0 0
ISHARES TR US HLTHCARE ETF 464287762 246,560 4,000 SH SOLE 4,000 0 0
ISHARES TR SELECT DIVID ETF 464287168 328,559 2,170 SH SOLE 2,170 0 0
ISHARES TR EXPANDED TECH 464287515 371,432 4,640 SH SOLE 4,640 0 0
ISHARES TR US AER DEF ETF 464288760 455,000 2,080 SH SOLE 2,080 0 0
ISHARES TR ASIA 50 ETF 464288430 409,739 3,860 SH SOLE 3,860 0 0
SELECT SECTOR SPDR TR STATE STREET IND 81369Y704 336,080 2,078 SH SOLE 2,078 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 580,868 3,962 SH SOLE 3,962 0 0
SPDR INDEX SHS FDS STATE STREET SPD 78463X202 2,719,166 43,801 SH SOLE 43,801 0 0
SPDR S&P 500 ETF T TR STATE STR TR UNIT 78462F103 98,823,715 151,957 SH OTR 151,957 0 0
VANGUARD INDEX FDS LARGE CAP ETF 922908637 582,757 1,950 SH SOLE 1,950 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 56,173,882 94,007 SH OTR 94,007 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 2,007,957 37,150 SH SOLE 37,150 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 3,037,758 19,156 SH SOLE 19,156 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 921,003 17,610 SH SOLE 17,610 0 0
WISDOMTREE TR EM EX ST-OWNED 97717X578 1,894,364 47,241 SH OTR 47,241 0 0