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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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 IBOXX HI YD ETF 464288513 160 1,770 SH   SOLE   1,770 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 65 600 SH   SOLE   600 0 0
ISHARES TR CORE US AGGBD ET 464287226 359 3,222 SH   SOLE   3,222 0 0
ISHARES TR IBOXX INV CP ETF 464287242 65 536 SH   SOLE   536 0 0
ISHARES TR S&P 100 ETF 464287101 5,053 55,988 SH   OTR 1 0 55,988 0
POWERSHARES ETF TR II S&P500 HGH BET 73937B829 919 26,800 SH   SOLE   26,800 0 0
POWERSHARES ETF TR II S&P500 HGH BET 73937B829 56,321 1,642,000 SH   OTR 1 0 1,642,000 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 221 2,939 SH   SOLE   2,939 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 12,964 172,051 SH   OTR 1 0 172,051 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 229 3,156 SH   SOLE   3,156 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 13,602 187,610 SH   OTR 1 0 187,610 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 207 4,996 SH   SOLE   4,996 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 12,631 304,791 SH   OTR 1 0 304,791 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 79,541 385,315 SH   SOLE   385,315 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 65,788 318,695 SH   OTR 1 0 318,695 0