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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
POWERSHARES EXCHANGE TRADED FD TR DYNAMIC PHARMACEUTICALS PORTFOLIO ETF 73935X799 14,467,749 314,311 SH   SOLE   314,311 0 0
ISHARES NASDAQ BIOTECHNOLOGY ETF ETF 464287556 15,174,215 72,396 SH   SOLE   72,396 0 0
SPDR SER TR S&P BIOTECH ETF ETF 78464A870 11,390,156 88,186 SH   SOLE   88,186 0 0
ISHARES U S HEALTHCARE ETF ETF 464287762 10,037,539 93,879 SH   SOLE   93,879 0 0
POWERSHARES EXCHANGE TRADED FD TR DYNAMIC MEDIA PORTFOLIO ETF 73935X823 10,556,975 453,712 SH   SOLE   453,712 0 0
MARKET VECTORS ETF TRUST BIOTECH ETF ETF 57060U183 14,144,279 170,949 SH   SOLE   170,949 0 0
GLOBAL X FDS GLOBAL X SOCIAL MEDIA INDEX ETF ETF 37950E416 6,375,870 323,484 SH   SOLE   323,484 0 0
GUGGENHEIM SPINOFF ETF ETF 18383M605 9,127,342 222,131 SH   SOLE   222,131 0 0
SPDR SER TR S&P INS ETF ETF 78464A789 12,459,488 219,512 SH   SOLE   219,512 0 0
FIRST TR NASDAQ CLEAN EDGE GREEN ENERGY INDEX FD ETF 33733E500 3,760,089 230,680 SH   SOLE   230,680 0 0
POWERSHARES GOLDEN DRAGON CHINA PORTFOLIO ISIN #US73935X4016 SEDOL #B3LZBR8 ETF 73935X401 6,266,626 218,654 SH   SOLE   218,654 0 0
POWERSHARES EXCHANGE TRADED FD TR II S&P SMALLCAP HEALTH CARE PORT ETF 73937B886 7,267,135 148,128 SH   SOLE   148,128 0 0
CLAYMORE EXCHANGE TRADED FD TR 2 GUGGENHEIM SOLAR ETF ETF 18383Q739 4,285,900 124,193 SH   SOLE   124,193 0 0
POWERSHARES EXCHANGE TRADED FD TR DYNAMIC BIOTECHNOLOGY & GENOME PORTFOLIO ETF 73935X856 3,534,179 100,775 SH   SOLE   100,775 0 0
POWERSHARES NASDAQ INTERNET PORTFOLIO ETF 73935X146 3,424,082 55,602 SH   SOLE   55,602 0 0
VANGUARD SECTOR INDEX FDS VANGUARD HEALTH CARE VIPERS ETF 92204A504 2,803,235 30,097 SH   SOLE   30,097 0 0
GUGGENHM CHINA TEHCNOLOGY ETF ETF 18383Q135 520,501 15,957 SH   SOLE   15,957 0 0
SPDR SERIES TRUST S&P COMPUTER SOFTWARE ETF ETF 78464A599 3,366,455 39,652 SH   SOLE   39,652 0 0