The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
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
Estimated average burden
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
EGSHARES EMERGING MARKETS CONSUMER ETF COM 268461779 430 20,229 SH   SOLE 0 20,229 0 0
FIRST TRUST NASDAQ GLOBAL AUTO INDEX FUND COM 33734X309 279 7,708 SH   SOLE 0 7,708 0 0
GLOBAL X CHINA CONSUMER ETF COM 37950E408 443 36,480 SH   SOLE 0 36,480 0 0
ISHARES MSCI JAPAN SMALL-CAP ETF COM 464286582 1,345 23,016 SH   SOLE 0 23,016 0 0
ISHARES MSCI SPAIN CAPPED ETF COM 464286764 203 7,197 SH   SOLE 0 7,197 0 0
ISHARES MSCI GERMANY ETF COM 464286806 613 23,439 SH   SOLE 0 23,439 0 0
ISHARES MSCI HONG KONG ETF COM 464286871 118 5,954 SH   SOLE 0 5,954 0 0
ISHARES NORTH AMERICAN TECH-SOFTWARE ETF COM 464287515 163 1,575 SH   SOLE 0 1,575 0 0
ISHARES GLOBAL INDUSTRIALS ETF COM 464288729 528 7,817 SH   SOLE 0 7,817 0 0
ISHARES GLOBAL CONSUMER STAPLES ETF COM 464288737 551 5,931 SH   SOLE 0 5,931 0 0
ISHARES U.S. MEDICAL DEVICES ETF COM 464288810 62 512 SH   SOLE 0 512 0 0
ISHARES MSCI EUROPE FINANCIALS ETF COM 464289180 312 15,392 SH   SOLE 0 15,392 0 0
ISHARES MSCI PHILIPPINES ETF COM 46429B408 436 12,937 SH   SOLE 0 12,937 0 0
ISHARES MSCI INDIA SMALL CAP ETF COM 46429B614 425 12,793 SH   SOLE 0 12,793 0 0
SPDR EURO STOXX SMALL CAP ETF COM 78463X392 265 5,492 SH   SOLE 0 5,492 0 0
SPDR BARCLAYS AGGREGATE BOND ETF COM 78464A649 2,235 39,191 SH   SOLE 0 39,191 0 0
SPDR BARCLAYS INTERMEDIATE TERM TREASURY ETF COM 78464A672 3,386 56,266 SH   SOLE 0 56,266 0 0
SPDR S&P HOMEBUILDERS ETF COM 78464A888 615 18,020 SH   SOLE 0 18,020 0 0
CONSUMER STAPLES SELECT SECTOR SPDR FUND COM 81369Y308 1,693 33,550 SH   SOLE 0 33,550 0 0
UTILITIES SELECT SECTOR SPDR FUND COM 81369Y886 479 11,074 SH   SOLE 0 11,074 0 0
VANGUARD REIT INDEX FUND COM 922908553 1,013 12,712 SH   SOLE 0 12,712 0 0
WISDOMTREE EMERGING MARKETS CONSUMER GROWTH FUND COM 97717W539 97 5,053 SH   SOLE 0 5,053 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W851 151 3,022 SH   SOLE 0 3,022 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X701 1,316 24,475 SH   SOLE 0 24,475 0 0
ISHARES MSCI JAPAN ETF COM 464286848 845 69,737 SH   SOLE 0 69,737 0 0
ISHARES GLOBAL TECH ETF COM 464287291 2,902 29,768 SH   SOLE 0 29,768 0 0
ISHARES GLOBAL CONSUMER DISCRETIONARY ETF COM 464288745 2,431 27,313 SH   SOLE 0 27,313 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF COM 464288828 1,712 13,775 SH   SOLE 0 13,775 0 0
SPDR S&P REGIONAL BANKING ETF COM 78464A698 1,002 23,919 SH   SOLE 0 23,919 0 0
SPDR S&P INSURANCE ETF COM 78464A789 1,073 15,443 SH   SOLE 0 15,443 0 0
SPDR MSCI EUROPE HEALTH CARESM UCITS ETF COM F89826196 992 7,606 SH   SOLE 0 7,606 0 0
GLOBAL X CHINA CONSUMER ETF COM 37950E408 864 71,132 SH   SOLE 0 71,132 0 0
ISHARES MSCI JAPAN SMALL-CAP ETF COM 464286582 2,138 36,584 SH   SOLE 0 36,584 0 0
ISHARES MSCI SPAIN CAPPED ETF COM 464286764 904 31,999 SH   SOLE 0 31,999 0 0
ISHARES MSCI GERMANY ETF COM 464286806 1,209 46,167 SH   SOLE 0 46,167 0 0
ISHARES GLOBAL HEALTHCARE ETF COM 464287325 666 6,498 SH   SOLE 0 6,498 0 0
ISHARES GLOBAL INDUSTRIALS ETF COM 464288729 175 2,589 SH   SOLE 0 2,589 0 0
ISHARES MSCI EUROPE FINANCIALS ETF COM 464289180 167 8,219 SH   SOLE 0 8,219 0 0
ISHARES MSCI PHILIPPINES ETF COM 46429B408 521 15,462 SH   SOLE 0 15,462 0 0
ISHARES MSCI INDIA SMALL CAP ETF COM 46429B614 1,275 38,328 SH   SOLE 0 38,328 0 0
ISHARES MSCI UNITED KINGDOM ETF COM 46434V548 959 59,465 SH   SOLE 0 59,465 0 0
KRANESHARES CSI CHINA INTERNET ETF COM 500767306 203 5,297 SH   SOLE 0 5,297 0 0
SPDR EURO STOXX SMALL CAP ETF COM 78463X392 1,045 21,618 SH   SOLE 0 21,618 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W851 800 15,976 SH   SOLE 0 15,976 0 0
ISHARES MSCI JAPAN ETF COM 464286848 6,066 500,565 SH   SOLE 0 500,565 0 0
GLOBAL X CHINA CONSUMER ETF COM 37950E408 434 35,731 SH   SOLE 0 35,731 0 0
ISHARES MSCI JAPAN SMALL-CAP ETF COM 464286582 1,376 23,543 SH   SOLE 0 23,543 0 0
ISHARES MSCI SPAIN CAPPED ETF COM 464286764 516 18,276 SH   SOLE 0 18,276 0 0
ISHARES MSCI GERMANY ETF COM 464286806 595 22,750 SH   SOLE 0 22,750 0 0
ISHARES GLOBAL INDUSTRIALS ETF COM 464288729 259 3,835 SH   SOLE 0 3,835 0 0
ISHARES U.S. MEDICAL DEVICES ETF COM 464288810 756 6,175 SH   SOLE 0 6,175 0 0
ISHARES MSCI EUROPE FINANCIALS ETF COM 464289180 160 7,905 SH   SOLE 0 7,905 0 0
ISHARES MSCI PHILIPPINES ETF COM 46429B408 595 17,664 SH   SOLE 0 17,664 0 0
KRANESHARES CSI CHINA INTERNET ETF COM 500767306 154 4,026 SH   SOLE 0 4,026 0 0
MARKET VECTORS INDIA SMALL-CAP INDEX ETF COM 57061R551 695 16,081 SH   SOLE 0 16,081 0 0
SPDR EURO STOXX SMALL CAP ETF COM 78463X392 1,125 23,257 SH   SOLE 0 23,257 0 0
SPDR S&P HOMEBUILDERS ETF COM 78464A888 628 18,400 SH   SOLE 0 18,400 0 0
VANGUARD REIT INDEX FUND COM 922908553 1,788 22,434 SH   SOLE 0 22,434 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W851 611 12,218 SH   SOLE 0 12,218 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X701 283 5,271 SH   SOLE 0 5,271 0 0
ISHARES MSCI JAPAN ETF COM 464286848 2,739 226,061 SH   SOLE 0 226,061 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF COM 464288828 662 5,331 SH   SOLE 0 5,331 0 0
SPDR S&P REGIONAL BANKING ETF COM 78464A698 1,769 42,213 SH   SOLE 0 42,213 0 0
SPDR S&P INSURANCE ETF COM 78464A789 1,748 25,155 SH   SOLE 0 25,155 0 0
GLOBAL X CHINA CONSUMER ETF COM 37950E408 4,368 359,212 SH   SOLE 0 359,212 0 0
ISHARES MSCI JAPAN SMALL-CAP ETF COM 464286582 20,684 353,889 SH   SOLE 0 353,889 0 0
ISHARES MSCI SPAIN CAPPED ETF COM 464286764 8,727 308,736 SH   SOLE 0 308,736 0 0
ISHARES MSCI GERMANY ETF COM 464286806 15,306 584,445 SH   SOLE 0 584,445 0 0
ISHARES NORTH AMERICAN TECH-SOFTWARE ETF COM 464287515 15,465 149,152 SH   SOLE 0 149,152 0 0
ISHARES GLOBAL INDUSTRIALS ETF COM 464288729 7,562 111,840 SH   SOLE 0 111,840 0 0
ISHARES U.S. MEDICAL DEVICES ETF COM 464288810 11,879 96,980 SH   SOLE 0 96,980 0 0
ISHARES MSCI EUROPE FINANCIALS ETF COM 464289180 1,785 87,869 SH   SOLE 0 87,869 0 0
ISHARES MSCI PHILIPPINES ETF COM 46429B408 900 26,680 SH   SOLE 0 26,680 0 0
MARKET VECTORS INDIA SMALL-CAP INDEX ETF COM 57061R551 11,287 260,862 SH   SOLE 0 260,862 0 0
SPDR EURO STOXX SMALL CAP ETF COM 78463X392 20,558 424,940 SH   SOLE 0 424,940 0 0
VANGUARD REIT INDEX FUND COM 922908553 15,578 195,385 SH   SOLE 0 195,385 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W851 2,829 56,494 SH   SOLE 0 56,494 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X701 3,538 65,763 SH   SOLE 0 65,763 0 0
ISHARES MSCI JAPAN ETF COM 464286848 26,520 2,188,170 SH   SOLE 0 2,188,170 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF COM 464288828 9,170 73,752 SH   SOLE 0 73,752 0 0
SPDR S&P REGIONAL BANKING ETF COM 78464A698 12,368 295,049 SH   SOLE 0 295,049 0 0
ISHARES NORTH AMERICAN TECH-SOFTWARE ETF COM 464287515 2,695 25,964 SH   SOLE 0 25,964 0 0
POWERSHARES S&P SMALLCAP CONSUMER STAPLES PORTFOLIO COM 73937B605 202 3,681 SH   SOLE 0 3,681 0 0
POWERSHARES S&P SMALLCAP CONSUMER DISCRETIONARY PORTFOLIO COM 73937B506 1,024 22,309 SH   SOLE 0 22,309 0 0
POWERSHARES S&P SMALLCAP FINANCIALS PORTFOLIO COM 73937B803 201 4,932 SH   SOLE 0 4,932 0 0
POWERSHARES S&P SMALLCAP INDUSTRIALS PORTFOLIO COM 73937B878 805 18,631 SH   SOLE 0 18,631 0 0
POWERSHARES S&P SMALLCAP HEALTH CARE PORTFOLIO COM 73937B886 2,946 41,001 SH   SOLE 0 41,001 0 0
GLOBAL X CHINA CONSUMER ETF COM 37950E408 251 20,667 SH   SOLE 0 20,667 0 0
ISHARES MSCI JAPAN SMALL-CAP ETF COM 464286582 578 9,893 SH   SOLE 0 9,893 0 0
ISHARES MSCI SPAIN CAPPED ETF COM 464286764 75 2,686 SH   SOLE 0 2,686 0 0
ISHARES MSCI GERMANY ETF COM 464286806 138 5,271 SH   SOLE 0 5,271 0 0
ISHARES GLOBAL INDUSTRIALS ETF COM 464288729 98 1,457 SH   SOLE 0 1,457 0 0
ISHARES U.S. MEDICAL DEVICES ETF COM 464288810 365 2,988 SH   SOLE 0 2,988 0 0
ISHARES MSCI PHILIPPINES ETF COM 46429B408 28 847 SH   SOLE 0 847 0 0
ISHARES MSCI INDIA SMALL CAP ETF COM 46429B614 191 5,750 SH   SOLE 0 5,750 0 0
SPDR S&P HOMEBUILDERS ETF COM 78464A888 609 17,832 SH   SOLE 0 17,832 0 0
VANGUARD REIT INDEX FUND COM 922908553 581 7,298 SH   SOLE 0 7,298 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W851 263 5,258 SH   SOLE 0 5,258 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X701 34 650 SH   SOLE 0 650 0 0
ISHARES MSCI JAPAN ETF COM 464286848 1,672 138,000 SH   SOLE 0 138,000 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF COM 464288828 317 2,553 SH   SOLE 0 2,553 0 0
SPDR S&P REGIONAL BANKING ETF COM 78464A698 476 11,362 SH   SOLE 0 11,362 0 0
SPDR S&P INSURANCE ETF COM 78464A789 711 10,239 SH   SOLE 0 10,239 0 0
GLOBAL X CHINA CONSUMER ETF COM 37950E408 250 20,607 SH   SOLE 0 20,607 0 0
ISHARES MSCI JAPAN SMALL-CAP ETF COM 464286582 576 9,865 SH   SOLE 0 9,865 0 0
ISHARES MSCI SPAIN CAPPED ETF COM 464286764 75 2,678 SH   SOLE 0 2,678 0 0
ISHARES MSCI GERMANY ETF COM 464286806 139 5,326 SH   SOLE 0 5,326 0 0
ISHARES GLOBAL INDUSTRIALS ETF COM 464288729 98 1,453 SH   SOLE 0 1,453 0 0
ISHARES U.S. MEDICAL DEVICES ETF COM 464288810 371 3,032 SH   SOLE 0 3,032 0 0
ISHARES MSCI PHILIPPINES ETF COM 46429B408 27 813 SH   SOLE 0 813 0 0
ISHARES MSCI INDIA SMALL CAP ETF COM 46429B614 190 5,734 SH   SOLE 0 5,734 0 0
SPDR S&P HOMEBUILDERS ETF COM 78464A888 607 17,780 SH   SOLE 0 17,780 0 0
VANGUARD REIT INDEX FUND COM 922908553 580 7,277 SH   SOLE 0 7,277 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W851 262 5,242 SH   SOLE 0 5,242 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X701 34 648 SH   SOLE 0 648 0 0
ISHARES MSCI JAPAN ETF COM 464286848 1,667 137,601 SH   SOLE 0 137,601 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF COM 464288828 320 2,579 SH   SOLE 0 2,579 0 0
SPDR S&P REGIONAL BANKING ETF COM 78464A698 474 11,329 SH   SOLE 0 11,329 0 0
SPDR S&P INSURANCE ETF COM 78464A789 709 10,209 SH   SOLE 0 10,209 0 0