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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
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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
GOLDMAN SACHS ETF TR ETF 381430438 9,227,820 97,732 SH SOLE 0 0 97,732
ISHARES TR ETF 464288646 13,326,890 254,281 SH SOLE 0 0 254,281
ISHARES TR ETF 464287440 8,742,796 92,448 SH SOLE 0 0 92,448
ISHARES TR ETF 46432F842 33,061,865 342,326 SH SOLE 0 0 342,326
ISHARES INC ETF 46434G103 7,863,454 94,923 SH SOLE 0 0 94,923
ISHARES TR ETF 464287507 12,974,495 168,260 SH SOLE 0 0 168,260
ISHARES TR ETF 464287804 9,770,139 65,876 SH SOLE 0 0 65,876
ISHARES TR ETF 464287226 44,275,551 447,318 SH SOLE 0 0 447,318
ISHARES TR ETF 464287242 13,228,284 121,283 SH SOLE 0 0 121,283
ISHARES TR ETF 46434V787 4,527,643 199,896 SH SOLE 0 0 199,896
SPDR SERIES TRUST ETF 78468R101 4,562,174 157,262 SH SOLE 0 0 157,262
STATE STR SPDR S&P 500 ETF T ETF 78462F103 37,101,132 49,682 SH SOLE 0 0 49,682
VANGUARD INDEX FDS ETF 922908736 12,369,068 143,593 SH SOLE 0 0 143,593
VANGUARD INDEX FDS ETF 922908744 11,888,667 54,553 SH SOLE 0 0 54,553