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
iShares NW Zealand CP ETF MSCI NW ZEALND CP ETF 464289123 255 5,377 SH   SOLE   5,377 0 0
iShares MSCI France ETF MSCI FRANCE ETF 464286707 5,636 180,524 SH   SOLE   180,524 0 0
iShares MSCI GERMANY ETF MSCI GERM 464286806 5,523 167,275 SH   SOLE   167,275 0 0
iShares INC MSCI ITL ETF New MSCI ITL ETF 46434G830 1,027 33,746 SH   SOLE   33,746 0 0
iShares MSCI Netherlands ETF MSCI NETHERL ETF 464286814 1,985 62,561 SH   SOLE   62,561 0 0
iShares MSCI Spain Capped ETF MSCI SPAN CP ETF 464286764 1,344 41,001 SH   SOLE   41,001 0 0
iShares MSCI Sweden ETF MSCI SWEDEN ETF 464286756 2,276 67,132 SH   SOLE   67,132 0 0
iShares MSCI SZ CAP ETF MSCI SZ CAP ETF 464286749 6,072 170,660 SH   SOLE   170,660 0 0
Vanguard Index Fds S&P 500 ETF S&P 500 ETF 922908363 44,730 182,354 SH   SOLE   182,354 0 0
SPDR Index SHS FDS Asia Pacif ETF Asia Pacif ETF 78463X301 10,768 102,960 SH   SOLE   102,960 0 0
iShares INC MSCI JPN ETF NEW MSCI JPN ETF 46434G822 12,338 205,881 SH   SOLE   205,881 0 0
Vanguard Index FDS Small CP ETF Small CP ETF 922908751 19,055 128,923 SH   SOLE   128,923 0 0
iShares MSCI AUST ETF MSCI AUST ETF 464286103 3,328 143,642 SH   SOLE   143,642 0 0
iShares MSCI CDA ETF MSCI CDA ETF 464286509 6,416 216,468 SH   SOLE   216,468 0 0
iShares TR Latn Amer 40 ETF Latin Amer 40 ETF 464287390 2,047 59,910 SH   SOLE   59,910 0 0
iShares TR MSCI EMG MKT ETF MSCI EMG MKT ETF 464287234 2,251 47,766 SH   SOLE   47,766 0 0
iShares TR MSCI UK ETF NEW MSCI UK ETF NEW 46435G334 10,095 281,820 SH   SOLE   281,820 0 0