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 13,292 13,292,580 SH   SOLE 0 0 0 0
ISHARES EUROPE DEVELOPED REAL ESTATE ETF ETP USD COM 464288471 19,647 509,939 SH   SOLE 0 509,939 0 0
ISHARES MSCI CHINA ETF ETP USD COM 46429B671 963 17,672 SH   SOLE 0 17,672 0 0
ISHARES NORTH AMERICAN TECH-SOFTWARE ETF ETP USD COM 464287515 13,997 145,656 SH   SOLE 0 145,656 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF ETP USD COM 464288828 8,212 61,719 SH   SOLE 0 61,719 0 0
ISHARES U.S. MEDICAL DEVICES ETF ETP USD COM 464288810 9,842 81,821 SH   SOLE 0 81,821 0 0
MARKET VECTORS INDIA SMALL-CAP INDEX ETF ETP USD COM 57061R551 1,793 37,992 SH   SOLE 0 37,992 0 0
SPDR S&P INSURANCE ETF ETP USD COM 78464A789 16,056 239,333 SH   SOLE 0 239,333 0 0
SPDR S&P REGIONAL BANKING ETF ETP USD COM 78464A698 16,187 396,460 SH   SOLE 0 396,460 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND ETP USD COM 97717X701 47,287 714,959 SH   SOLE 0 714,959 0 0
WISDOMTREE JAPAN HEDGED EQUITY FUND ETP USD COM 97717W851 49,061 890,088 SH   SOLE 0 890,088 0 0
WISDOMTREE JAPAN HEDGED SMALLCAP EQUITY FUND ETP COM 97717W521 13,181 388,038 SH   SOLE 0 388,038 0 0
SCE ACTIVE RESERVE 2 EQUITY CASH 996106860 148 148,227 SH   SOLE 0 0 0 0
ISHARES NORTH AMERICAN TECH- COM 464287515 3,005 31,273 SH   SOLE 0 31,273 0 0
POWERSHARES S&P SC CONS-DISC COM 73937B506 630 11,568 SH   SOLE 0 11,568 0 0
POWERSHARES S&P SC CONS STAP COM 73937B605 399 7,391 SH   SOLE 0 7,391 0 0
POWERSHARES S&P SC HEALTH CA COM 73937B886 3,014 43,736 SH   SOLE 0 43,736 0 0
SPDR S&P SEMICONDUCTOR ETF COM 78464A862 610 6,967 SH   SOLE 0 6,967 0 0
MFC WISDOMTREE TRUST EUROPE HEDGED EQUITY FD COM B5M0VP4 2,959 44,746 SH   SOLE 0 44,746 0 0
MFC WISDOMTREE TR JAPAN HEDGED EQUITY FD COM B17FKC6 7,509 136,231 SH   SOLE 0 136,231 0 0
MFC WISDOMTREE TR JAPAN SMALLCAP HEDGED EQTY COM BBT3Q97 1,888 55,579 SH   SOLE 0 55,579 0 0
MFC ISHARES INC MSCI TAIWAN ETF MSCI TAIWAN ETF COM 2671868 1,240 78,787 SH   SOLE 0 78,787 0 0
MFC ISHARES TR US REGIONAL BANKS INDEX FD ETF COM B14MG33 1,185 33,984 SH   SOLE 0 33,984 0 0
United States dollar CASH USD 434 434,642 SH   SOLE 0 0 0 0
COLLECTIVE US GOV'T STIF 12 CASH 999J00333 402 402,234 SH   SOLE 0 0 0 0
ISHARES MSCI TAIWAN ETF COM 464286731 1,325 84,212 SH   SOLE 0 84,212 0 0
ISHARES EUROPE DEVELOPED REA COM 464288471 1,017 26,421 SH   SOLE 0 26,421 0 0
ISHARES U.S. HEALTHCARE PROV COM 464288828 1,343 10,100 SH   SOLE 0 10,100 0 0
ISHARES MSCI CHINA ETF COM 46429B671 588 10,803 SH   SOLE 0 10,803 0 0
MARKET VECTORS INDIA S/C COM 57061R551 1,020 21,612 SH   SOLE 0 21,612 0 0
SPDR S&P REGIONAL BANKING COM 78464A698 2,876 70,455 SH   SOLE 0 70,455 0 0
SPDR S&P INSURANCE ETF COM 78464A789 2,852 42,515 SH   SOLE 0 42,515 0 0
WISDOMTREE JAPAN HEDGED SMAL COM 97717W521 988 29,108 SH   SOLE 0 29,108 0 0
WISDOMTREE JAPAN HEDGED EQ COM 97717W851 3,865 70,135 SH   SOLE 0 70,135 0 0
WISDOMTREE EUROPE HEDGED EQU COM 97717X701 1,944 29,405 SH   SOLE 0 29,405 0 0
Southwest Airlines Co. COM 844741108 118 2,673 SH   SOLE 0 2,673 0 0
iShares Global Utilities ETF COM 464288711 127 2,742 SH   SOLE 0 2,742 0 0
iShares U.S. Medical Devices ETF COM 464288810 432 3,599 SH   SOLE 0 3,599 0 0
iShares MSCI China ETF COM 46429B671 242 4,445 SH   SOLE 0 4,445 0 0
WisdomTree Emerging Markets Consumer Growth Fund COM 97717W539 126 5,053 SH   SOLE 0 5,053 0 0
iShares MSCI Mexico Capped ETF COM 464286822 306 5,288 SH   SOLE 0 5,288 0 0
SPDR MSCI Europe Health Care UCITS ETF COM BM67JF6 786 5,310 SH   SOLE 0 5,310 0 0
United Continental Holdings, Inc. COM 910047109 357 5,313 SH   SOLE 0 5,313 0 0
iShares MSCI Hong Kong ETF COM 464286871 129 5,889 SH   SOLE 0 5,889 0 0
Health Care Select Sector SPDR Fund COM 81369Y209 438 6,048 SH   SOLE 0 6,048 0 0
First Trust NASDAQ Global Auto Index Fund COM 33734X309 268 6,639 SH   SOLE 0 6,639 0 0
American Airlines Group, Inc. COM 02376R102 395 7,486 SH   SOLE 0 7,486 0 0
Delta Air Lines, Inc. COM 247361702 351 7,820 SH   SOLE 0 7,820 0 0
SPDR S&P Insurance ETF COM 78464A789 551 8,173 SH   SOLE 0 8,173 0 0
iShares MSCI India ETF COM 46429B598 279 8,753 SH   SOLE 0 8,753 0 0
Utilities Select Sector SPDR Fund COM 81369Y886 448 10,103 SH   SOLE 0 10,103 0 0
SPDR S&P Regional Banking ETF COM 78464A698 478 11,723 SH   SOLE 0 11,723 0 0
iShares North American Tech-Software ETF COM 464287515 1,188 12,291 SH   SOLE 0 12,291 0 0
iShares Global Consumer Discretionary ETF COM 464288745 1,176 12,999 SH   SOLE 0 12,999 0 0
iShares U.S. Broker-Dealers ETF COM 464288794 563 13,147 SH   SOLE 0 13,147 0 0
iShares U.S. Healthcare Providers ETF COM 464288828 1,918 14,420 SH   SOLE 0 14,420 0 0
iShares MSCI Japan Small-Cap ETF COM 464286582 1,088 19,024 SH   SOLE 0 19,024 0 0
iShares U.S. Telecommunications ETF COM 464287713 601 19,888 SH   SOLE 0 19,888 0 0
WisdomTree Japan Hedged Equity Fund COM 97717W851 1,135 20,602 SH   SOLE 0 20,602 0 0
iShares Global Tech ETF COM 464287291 2,029 20,953 SH   SOLE 0 20,953 0 0
Technology Select Sector SPDR Fund COM 81369Y803 1,044 25,208 SH   SOLE 0 25,208 0 0
Consumer Staples Select Sector SPDR Fund COM 81369Y308 1,442 29,596 SH   SOLE 0 29,596 0 0
iShares MSCI Taiwan ETF COM 464286731 481 30,576 SH   SOLE 0 30,576 0 0
Powershares DWA Emerging Markets Technical Leaders Portfolio COM 73936Q207 571 30,913 SH   SOLE 0 30,913 0 0
WisdomTree Europe Hedged Equity Fund COM 97717X701 2,779 42,017 SH   SOLE 0 42,017 0 0
Market Vectors Oil Services ETF COM 57060U191 1,747 51,852 SH   SOLE 0 51,852 0 0
Cash CASH USD 631 631,663 SH   OTR 0 0 0 0
SPDR Barclays Aggregate Bond ETF COM 78464A649 5,758 97,670 SH   SOLE 0 97,670 0 0