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
JPM PRIME MM FUND-CAPITAL SHS CASH 481992JQ9 7,706 7,706,435 SH   SOLE 0 0 0 0
FIRST TRUST S&P REIT INDEX FUND ETP USD COM 33734G108 5,551 249,290 SH   SOLE 0 249,290 0 0
ISHARES GLOBAL UTILITIES ETF ETP USD COM 464288711 13,976 284,250 SH   SOLE 0 284,250 0 0
ISHARES MSCI CHINA ETF ETP USD COM 46429B671 879 17,500 SH   SOLE 0 17,500 0 0
ISHARES MSCI INDIA ETF ETP USD COM 46429B598 1,579 52,500 SH   SOLE 0 52,500 0 0
ISHARES MSCI JAPAN ETF ETP USD COM 464286848 12,162 1,082,100 SH   SOLE 0 1,082,100 0 0
ISHARES U.S. BROKER-DEALERS ETF ETP USD COM 464288794 5,478 128,450 SH   SOLE 0 128,450 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF ETP USD COM 464288828 13,205 111,560 SH   SOLE 0 111,560 0 0
ISHARES U.S. MEDICAL DEVICES ETF ETP USD COM 464288810 13,121 116,010 SH   SOLE 0 116,010 0 0
SECTOR SPDR TRUST AMEX CONSUMER STAPLES INDEX COM 81369Y308 12,512 258,037 SH   SOLE 0 258,037 0 0
SECTOR SPDR TRUST AMEX TECHNOLOGY SELECT INDEX COM 81369Y803 19,650 475,230 SH   SOLE 0 475,230 0 0
SPDR S&P REGIONAL BANKING ETF ETP USD COM 78464A698 8,377 205,840 SH   SOLE 0 205,840 0 0
UTILITIES SELECT SECTOR SPDR FUND ETP USD COM 81369Y886 982 20,800 SH   SOLE 0 20,800 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND ETP USD COM 97717X701 41,715 750,000 SH   SOLE 0 750,000 0 0
WISDOMTREE TR JAPN HEDGE EQT COM 97717W851 36,543 742,300 SH   SOLE 0 742,300 0 0
SCE ACTIVE RESERVE 2 EQUITY CASH 996106860 262 262,722 SH   SOLE 0 0 0 0
ISHARES NORTH AMERICAN TECH- COM 464287515 1,536 16,555 SH   SOLE 0 16,555 0 0
ISHARES RUSSELL 2000 GROWTH ET COM 464287648 1,045 7,340 SH   SOLE 0 7,340 0 0
POWERSHARES S&P SC UTILITIES COM 73937B837 533 13,300 SH   SOLE 0 13,300 0 0
POWERSHARES S&P SC INDUSTRIA COM 73937B878 980 21,000 SH   SOLE 0 21,000 0 0
POWERSHARES S&P SC HEALTH CA COM 73937B886 1,838 30,760 SH   SOLE 0 30,760 0 0
SPDR S&P SEMICONDUCTOR ETF COM 78464A862 1,052 13,200 SH   SOLE 0 13,200 0 0
MFC WISDOMTREE TRUST EUROPE HEDGED EQUITY FD COM 97717X701 2,869 51,600 SH   SOLE 0 51,600 0 0
MFC ISHARES INC MSCI CDA ETF COM 464286509 1,667 57,793 SH   SOLE 0 57,793 0 0
MFC WISDOMTREE TR JAPAN HEDGED EQUITY FD COM 97717W851 5,908 120,020 SH   SOLE 0 120,020 0 0
MFC ISHARES INC MSCI TAIWAN ETF MSCI TAIWAN ETF COM 464286731 970 64,230 SH   SOLE 0 64,230 0 0
MFC ISHARES TR US BROKER-DEALERS ETF COM 464288794 1,831 42,950 SH   SOLE 0 42,950 0 0
MFC ISHARES TR US REGIONAL BANKS INDEX FD ETF COM 464288778 351 10,048 SH   SOLE 0 10,048 0 0
United States dollar CASH USD 422 422,153 SH   SOLE 0 422,153 0 0
iShares Russell 2000 ETF COM 464287655 171 1,430 SH   SOLE 0 1,430 0 0
iShares MSCI India ETF COM 46429B598 59 1,990 SH   SOLE 0 1,990 0 0
iShares Global Utilities ETF COM 464288711 102 2,090 SH   SOLE 0 2,090 0 0
iShares U.S. Medical Devices ETF COM 464288810 309 2,740 SH   SOLE 0 2,740 0 0
Consumer Discretionary Select Sector SPDR Fund COM 81369Y407 230 3,190 SH   SOLE 0 3,190 0 0
WisdomTree Emerging Markets Consumer Growth Fund COM 97717W539 95 3,820 SH   SOLE 0 3,820 0 0
iShares MSCI Mexico Capped ETF COM 464286822 238 4,010 SH   SOLE 0 4,010 0 0
SPDR MSCI Europe Health Care UCITS ETF COM 7224698 557 4,060 SH   SOLE 0 4,060 0 0
iShares North American Tech-Software ETF COM 464287515 407 4,355 SH   SOLE 0 4,355 0 0
iShares MSCI Hong Kong ETF COM 464286871 93 4,530 SH   SOLE 0 4,530 0 0
Global X FTSE Greece 20 ETF COM 37950E366 61 4,610 SH   SOLE 0 4,610 0 0
Health Care Select Sector SPDR Fund COM 81369Y209 315 4,615 SH   SOLE 0 4,615 0 0
Energy Select Sector SPDR Fund COM 81369Y506 397 5,020 SH   SOLE 0 5,020 0 0
First Trust NASDAQ Global Auto Index Fund COM 33734X309 187 5,040 SH   SOLE 0 5,040 0 0
Materials Select Sector SPDR Fund COM 81369Y100 278 5,730 SH   SOLE 0 5,730 0 0
iShares Global Consumer Discretionary ETF COM 464288745 618 7,260 SH   SOLE 0 7,260 0 0
Utilities Select Sector SPDR Fund COM 81369Y886 363 7,690 SH   SOLE 0 7,690 0 0
Market Vectors Oil Services ETF COM 57060U191 287 8,000 SH   SOLE 0 8,000 0 0
iShares MSCI Taiwan ETF COM 464286731 123 8,205 SH   SOLE 0 8,205 0 0
iShares U.S. Healthcare Providers ETF COM 464288828 978 8,270 SH   SOLE 0 8,270 0 0
iShares MSCI Australia ETF COM 464286103 187 8,440 SH   SOLE 0 8,440 0 0
Technology Select Sector SPDR Fund COM 81369Y803 381 9,220 SH   SOLE 0 9,220 0 0
Market Vectors Poland ETF COM 57060U571 172 9,560 SH   SOLE 0 9,560 0 0
iShares U.S. Telecommunications ETF COM 464287713 308 10,525 SH   SOLE 0 10,525 0 0
iShares MSCI Spain Capped ETF COM 464286764 364 10,530 SH   SOLE 0 10,530 0 0
iShares MSCI Sweden ETF COM 464286756 333 10,530 SH   SOLE 0 10,530 0 0
SPDR S&P International Materials Sector ETF COM 78463X665 219 10,870 SH   SOLE 0 10,870 0 0
WisdomTree Middle East Dividend Fund COM 97717X305 242 11,890 SH   SOLE 0 11,890 0 0
SPDR S&P Insurance ETF COM 78464A789 903 13,380 SH   SOLE 0 13,380 0 0
WisdomTree Japan Hedged Equity Fund COM 97717W851 674 13,700 SH   SOLE 0 13,700 0 0
iShares MSCI France ETF COM 464286707 359 14,575 SH   SOLE 0 14,575 0 0
iShares Global Tech ETF COM 464287291 1,503 15,845 SH   SOLE 0 15,845 0 0
iShares Global Energy ETF COM 464287341 598 16,090 SH   SOLE 0 16,090 0 0
Consumer Staples Select Sector SPDR Fund COM 81369Y308 817 16,860 SH   SOLE 0 16,860 0 0
SPDR S&P Regional Banking ETF COM 78464A698 794 19,520 SH   SOLE 0 19,520 0 0
Industrial Select Sector SPDR Fund COM 81369Y704 1,180 20,870 SH   SOLE 0 20,870 0 0
iShares MSCI Canada ETF COM 464286509 654 22,680 SH   SOLE 0 22,680 0 0
Powershares DWA Emerging Markets Technical Leaders Portfolio COM 73936Q207 413 23,570 SH   SOLE 0 23,570 0 0
iShares MSCI Italy Capped ETF COM 464286855 379 27,940 SH   SOLE 0 27,940 0 0
iShares MSCI Germany ETF COM 464286806 774 28,250 SH   SOLE 0 28,250 0 0
First Trust S&P REIT Index Fund COM 33734G108 792 35,600 SH   SOLE 0 35,600 0 0
iShares MSCI EAFE Small-Cap ETF COM 464288273 2,078 44,500 SH   SOLE 0 44,500 0 0
iShares MSCI Japan ETF COM 464286848 626 55,780 SH   SOLE 0 55,780 0 0
iShares MSCI United Kingdom ETF COM 46434V548 1,130 62,710 SH   SOLE 0 62,710 0 0
MSCI EM Info Tech ETF COM B4WW7Y4 531 174,560 SH   SOLE 0 174,560 0 0
Cash Cash USD 1,518 1,518,385 SH   SOLE 0 0 0 0
SPDR(R) Barclays Aggregate Bond ETF COM 78464A649 1,606 27,550 SH   SOLE 0 27,550 0 0
iShares J.P. Morgan USD Emerging Markets Bond ETF COM 464288281 528 4,820 SH   SOLE 0 4,820 0 0
PowerShares Senior Loan Portfolio COM 73936Q769 1,517 63,150 SH   SOLE 0 63,150 0 0
SPDR(R) Barclays High Yield Bond ETF COM 78464A417 1,486 38,500 SH   SOLE 0 38,500 0 0