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
ISHARES MF 464287242 7,936 69,300 SH   SOLE   0 0 0
ISHARES MF 464287465 986 14,720 SH   SOLE   0 0 0
ISHARES MF 464287598 3,519 29,000 SH   SOLE   0 0 0
ISHARES MF 464287614 3,810 26,500 SH   SOLE   0 0 0
ISHARES MF 464287630 2,772 21,000 SH   SOLE   0 0 0
ISHARES MF 464287648 2,757 13,500 SH   SOLE   0 0 0
ISHARES MF 464287655 238 1,453 SH   SOLE   0 0 0
JP MORGAN CHASE & CO PFD 46625HHA1 252 250 SH   SOLE   0 0 0
METLIFE INC PFD 59156R504 305 12,000 SH   SOLE   0 0 0
SPDR MF 78464A367 1,491 57,150 SH   SOLE   0 0 0
U S BANCORP PFD 902973866 368 400 SH   SOLE   0 0 0
VANGUARD MF 922031794 3,197 312,464 SH   SOLE   0 0 0
VANGUARD MF 922031810 1,175 125,186 SH   SOLE   0 0 0
VANGUARD MF 922042858 1,027 24,360 SH   SOLE   0 0 0
VANGUARD MF 92206C300 229 11,498 SH   SOLE   0 0 0
VANGUARD MF 92206C870 5,832 69,850 SH   SOLE   0 0 0
VANGUARD MF 922908553 1,040 12,779 SH   SOLE   0 0 0
VANGUARD MF 922908710 737 2,935 SH   SOLE   0 0 0
VANGUARD PRIME MONEY MARKET MF 922906300 154 154,278 SH   SOLE   0 0 0
WELLS FARGO CO PFD 949746465 1,100 40,000 SH   SOLE   0 0 0