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 196 3,664 SH   SOLE   3,664 0 0
iShares MSCI France ETF MSCI FRANCE ETF 464286707 3,959 129,182 SH   SOLE   129,182 0 0
iShares MSCI GERMANY ETF MSCI GERM 464286806 3,798 135,385 SH   SOLE   135,385 0 0
iShares INC MSCI ITL ETF New MSCI ITL ETF 46434G830 795 28,856 SH   SOLE   28,856 0 0
iShares MSCI Netherlands ETF MSCI NETHERL ETF 464286814 1,344 43,578 SH   SOLE   43,578 0 0
iShares MSCI Spain Capped ETF MSCI SPAN CP ETF 464286764 1,009 34,897 SH   SOLE   34,897 0 0
iShares MSCI Sweden ETF MSCI SWEDEN ETF 464286756 1,830 59,353 SH   SOLE   59,353 0 0
iShares MSCI SZ CAP ETF MSCI SZ CAP ETF 464286749 4,735 126,077 SH   SOLE   126,077 0 0
Vanguard Index Fds S&P 500 ETF S&P 500 ETF 922908363 43,106 160,156 SH   SOLE   160,156 0 0
SPDR Index SHS FDS Asia Pacif ETF Asia Pacif ETF 78463X301 9,869 100,968 SH   SOLE   100,968 0 0
iShares INC MSCI JPN ETF NEW MSCI JPN ETF 46434G822 3,584 65,672 SH   SOLE   65,672 0 0
Vanguard Index FDS Small CP ETF Small CP ETF 922908751 18,561 118,482 SH   SOLE   118,482 0 0
iShares MSCI AUST ETF MSCI AUST ETF 464286103 2,050 90,940 SH   SOLE   90,940 0 0
iShares MSCI CDA ETF MSCI CDA ETF 464286509 2,597 90,724 SH   SOLE   90,724 0 0
iShares TR Latn Amer 40 ETF Latin Amer 40 ETF 464287390 1,023 30,332 SH   SOLE   30,332 0 0
iShares TR MSCI EMG MKT ETF MSCI EMG MKT ETF 464287234 1,042 24,291 SH   SOLE   24,291 0 0
iShares TR MSCI UK ETF NEW MSCI UK ETF NEW 46435G334 5,562 172,097 SH   SOLE   172,097 0 0