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

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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
ISHARES MSCI AUST ETF 464286103 24,453 1,170,000 SH   SOLE   1,170,000 0 0
ISHARES TR 1-3 YR TR BD ETF 464287457 68,627 807,000 SH   SOLE   807,000 0 0
ISHARES TR 3-7 YR TR BD ETF 464288661 25,435 201,000 SH   SOLE   201,000 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 47,661 426,000 SH   SOLE   426,000 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 11,881 65,000 SH   SOLE   65,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 9,085 42,000 SH   SOLE   42,000 0 0
ISHARES TR CORE HIGH DV ETF 46429B663 4,958 61,000 SH   SOLE   61,000 0 0
ISHARES TR SELECT DIVID ETF 464287168 2,913 34,000 SH   SOLE   34,000 0 0
VANGUARD WHITEHALL FDS INC HIGH DIV YLD 921946406 3,823 53,000 SH   SOLE   53,000 0 0
VANGUARD INDEX FDS REIT ETF 922908553 18,389 212,000 SH   SOLE   212,000 0 0
ISHARES TR COHEN&STEER REIT 464287564 16,784 160,000 SH   SOLE   160,000 0 0
SPDR SERIES TRUST DJ REIT ETF 78464A607 974 10,000 SH   SOLE   10,000 0 0
ISHARES TR U.S. REAL ES ETF 464287739 18,547 230,000 SH   SOLE   230,000 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 2,743 56,000 SH   SOLE   56,000 0 0