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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 654,781 2,270 SH SOLE 2,270 0 0
ISHARES INC MSCI PAC JP ETF 464286665 1,213,962 22,060 SH SOLE 22,060 0 0
ISHARES TR US HLTHCARE ETF 464287762 286,240 4,000 SH SOLE 4,000 0 0
ISHARES TR SELECT DIVID ETF 464287168 329,992 2,170 SH SOLE 2,170 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 480,750 1,730 SH SOLE 1,730 0 0
ISHARES TR EXPANDED TECH 464287515 494,067 4,640 SH SOLE 4,640 0 0
ISHARES TR US AER DEF ETF 464288760 430,934 2,080 SH SOLE 2,080 0 0
ISHARES TR ASIA 50 ETF 464288430 548,776 3,860 SH SOLE 3,860 0 0
SELECT SECTOR SPDR TR ST STR FINL ETF 81369Y605 308,652 5,780 SH SOLE 5,780 0 0
SELECT SECTOR SPDR TR ST STR INDL ETF 81369Y704 831,226 4,978 SH SOLE 4,978 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,514,432 8,992 SH SOLE 8,992 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 346,580 4,300 SH SOLE 4,300 0 0
SPDR INDEX SHS FDS ST STR EU 50 ETF 78463X202 3,354,798 49,841 SH SOLE 49,841 0 0
STATE STR SPDR S&P 500 ETF T TR UNIT 78462F103 84,637,042 110,942 SH OTR 110,942 0 0
VANGUARD INDEX FDS MRNGSTR LRG CAP 922908637 686,107 1,950 SH SOLE 1,950 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 57,734,744 82,377 SH OTR 82,377 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 2,753,170 46,420 SH SOLE 46,420 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 3,761,940 20,836 SH SOLE 20,836 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 976,650 17,610 SH SOLE 17,610 0 0
WISDOMTREE TR EM EX ST-OWNED 97717X578 2,213,241 47,241 SH SOLE 47,241 0 0