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
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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 NW Zealand CP ETF MSCI NW ZEALND CP ETF 464289123 142 2,501 SH   SOLE   2,501 0 0
iShares MSCI France ETF MSCI FRANCE ETF 464286707 2,003 73,058 SH   SOLE   73,058 0 0
iShares MSCI GERMANY ETF MSCI GERM 464286806 1,938 71,496 SH   SOLE   71,496 0 0
iShares MSCI Netherlands ETF MSCI NETHERL ETF 464286814 716 21,903 SH   SOLE   21,903 0 0
iShares MSCI Sweden ETF MSCI SWEDEN ETF 464286756 1,230 39,601 SH   SOLE   39,601 0 0
iShares MSCI SZ CAP ETF MSCI SZ CAP ETF 464286749 3,286 84,354 SH   SOLE   84,354 0 0
Vanguard Index Fds S&P 500 ETF S&P 500 ETF 922908363 42,713 150,701 SH   SOLE   150,701 0 0
SPDR Index SHS FDS Asia Pacif ETF Asia Pacif ETF 78463X301 9,626 96,929 SH   SOLE   96,929 0 0
iShares INC MSCI JPN ETF NEW MSCI JPN ETF 46434G822 9,177 167,101 SH   SOLE   167,101 0 0
Vanguard Index FDS Small CP ETF Small CP ETF 922908751 18,094 124,171 SH   SOLE   124,171 0 0
iShares MSCI CDA ETF MSCI CDA ETF 464286509 4,654 179,841 SH   SOLE   179,841 0 0
iShares TR MSCI UK ETF NEW MSCI UK ETF NEW 46435G334 4,461 173,158 SH   SOLE   173,158 0 0