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
SPDR S&P Divid ETF COM 78464A763 42,149 580,406 SH   SOLE   580,406 0 0
Standard & Poor's Dep Receipt SPDR's COM 78462F103 65,413 354,178 SH   SOLE   354,178 0 0
Vanguard MidCap COM 922908629 20,708 188,225 SH   SOLE   188,225 0 0
Vanguard SmallCap COM 922908751 193 1,760 SH   SOLE   1,760 0 0
Wisdom Tree Japan Hedged COM 97717W851 176 3,470 SH   SOLE   3,470 0 0
Ishares MSCI EMU Index COM 464286608 7,965 192,485 SH   SOLE   192,485 0 0
Select Sector Industrials COM 81369Y704 7,607 145,565 SH   SOLE   145,565 0 0
Select Sector Consumer Discretionary COM 81369Y407 8,417 125,950 SH   SOLE   125,950 0 0
Select Sector Financial COM 81369Y605 17,717 810,488 SH   SOLE   810,488 0 0
SECTOR SPDR TECHNOLOGY COM 81369Y803 36,941 1,033,613 SH   SOLE   1,033,613 0 0
Ishares Barclay TIPS Bond fund COM 464287176 359 3,270 SH   SOLE   3,270 0 0