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 36,616 478,089 SH   SOLE   478,089 0 0
Standard & Poor's Dep Receipt SPDR's COM 78462F103 69,894 357,114 SH   SOLE   357,114 0 0
Vanguard MidCap COM 922908629 22,693 191,230 SH   SOLE   191,230 0 0
Vanguard SmallCap COM 922908751 227 1,945 SH   SOLE   1,945 0 0
Ishares MSCI EMU Index COM 464286608 8,009 189,260 SH   SOLE   189,260 0 0
Select Sector Industrials COM 81369Y704 18,899 349,596 SH   SOLE   349,596 0 0
Select Sector Financial COM 81369Y605 18,639 819,662 SH   SOLE   819,662 0 0
Vanguard Health Care COM 92204A504 7,120 63,790 SH   SOLE   63,790 0 0
Vanguard REIT COM 922908553 12,416 165,910 SH   SOLE   165,910 0 0
Vanguard Developed Mkts COM 921943858 205 4,820 SH   SOLE   4,820 0 0
SECTOR SPDR TECHNOLOGY COM 81369Y803 27,390 714,216 SH   SOLE   714,216 0 0
Ishares Barclay TIPS Bond fund COM 464287176 377 3,270 SH   SOLE   3,270 0 0