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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
OMB APPROVAL
OMB Number: 3235-0006
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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 TR CHINA LG-CAP ETF 464287184 392 9,883 SH   SOLE   9,883 0 0
ISHARES TR CORE S&P500 ETF 464287200 1,409 4,551 SH   SOLE   4,551 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 466 11,661 SH   SOLE   11,661 0 0
SELECT SECTOR SPDR TR COMMUNICATION 81369Y852 801 14,818 SH   SOLE   14,818 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 207 5,469 SH   SOLE   5,469 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 762 5,969 SH   SOLE   5,969 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 516 8,799 SH   SOLE   8,799 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,090 10,892 SH   SOLE   10,892 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 788 34,066 SH   SOLE   34,066 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 587 8,551 SH   SOLE   8,551 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 219 3,873 SH   SOLE   3,873 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 2,040 19,526 SH   SOLE   19,526 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 6,728 21,819 SH   SOLE   21,819 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 1,037 3,658 SH   SOLE   3,658 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 449 7,402 SH   SOLE   7,402 0 0