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
Alerian MLP ETF ETF 00162Q866 662,800 40,000 SH   SOLE   0 0 0
iPATH S&P 500 VIX Mid-Term Futures ETN ETF 06740C519 40,644 1,200 SH   SOLE   0 0 0
iPATH S&P 500 VIX Short-Term Futures ETN ETF 06740C188 19,822 2,200 SH   SOLE   0 0 0
iShares Barclays TIPS Bond Fund ETF 464287176 2,654,368 21,800 SH   SOLE   0 0 0
iShares S&P 500 Growth Index Fund ETF 464287309 1,704,915 21,900 SH   SOLE   0 0 0
iShares S&P 500 Value Index Fund ETF 464287408 1,282,905 19,500 SH   SOLE   0 0 0
PowerShares DB Commodity Index Tracking Fund ETF 73935S105 281,064 9,800 SH   SOLE   0 0 0
PowerShares S&P 500 Low Volatility Portfolio ETF 73937B779 281,700 10,000 SH   SOLE   0 0 0
ProShares UltraShort Real Estate ETF 74348A871 2,298,451 90,100 SH   SOLE   0 0 0
SPDR S&P 500 ETF Trust ETF 78462F103 3,568,888 24,796 SH   SOLE   0 0 0
Utilities Select Sector SPDR Fund ETF 81369Y886 873,360 24,000 SH   SOLE   0 0 0
Vanguard FTSE Emerging Markets ETF ETF 922042858 31,576,736 756,329 SH   SOLE   0 0 0
Vanguard Total Bond Market ETF ETF 921937835 106,143,989 1,246,553 SH   SOLE   0 0 0
WisdomTree Equity Income Fund ETF 97717W208 141,960 3,000 SH   SOLE   0 0 0