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 638,000 40,000 SH   SOLE   0 0 0
iPATH S&P 500 VIX Mid-Term Futures ETN ETF 06740C519 33,540 1,200 SH   SOLE   0 0 0
iPATH S&P 500 VIX Short-Term Futures ETN ETF 06740C188 17,496 550 SH   SOLE   0 0 0
iShares S&P 500 Growth ETF ETF 464287309 2,294,922 30,300 SH   SOLE   0 0 0
iShares S&P 500 Value ETF ETF 464287408 1,294,605 19,500 SH   SOLE   0 0 0
iShares TIPS Bond ETF ETF 464287176 2,646,738 21,800 SH   SOLE   0 0 0
PowerShares DB Commodity Index Tracking Fund ETF 73935S105 491,706 17,700 SH   SOLE   0 0 0
PowerShares S&P 500 Low Volatility Portfolio ETF 73937B779 387,520 14,000 SH   SOLE   0 0 0
SPDR S&P 500 ETF Trust ETF 78462F103 15,920,868 111,796 SH   SOLE   0 0 0
Utilities Select Sector SPDR Fund ETF 81369Y886 838,092 24,000 SH   SOLE   0 0 0
Vanguard FTSE Emerging Markets ETF ETF 922042858 34,102,009 765,821 SH   SOLE   0 0 0
Vanguard Total Bond Market ETF ETF 921937835 105,391,015 1,254,207 SH   SOLE   0 0 0
WisdomTree Equity Income Fund ETF 97717W208 137,399 3,000 SH   SOLE   0 0 0