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 MSCI SWITZERLAND CAPPED ETF COM 46428674 11,828 361,172 SH   SOLE 0 361,172 0 0
ISHARES MSCI SWEDEN ETF COM 46428675 11,836 372,557 SH   SOLE 0 372,557 0 0
ISHARES NORTH AMERICAN TECH-SOFTWARE ETF COM 46428751 14,472 145,656 SH   SOLE 0 145,656 0 0
ISHARES EUROPE DEVELOPMENT REAL ESTATE ETF COM 46428847 19,046 509,939 SH   SOLE 0 509,939 0 0
ISHARES U.S. MEDICAL DEVICES ETF COM 46428881 9,796 81,821 SH   SOLE 0 81,821 0 0
ISHARES MSCI CHINA ETF COM 46429B67 990 17,672 SH   SOLE 0 17,672 0 0
MARKET VECTORS INDIA SMALL-CAP INDEX ETF COM 57061R55 1,608 37,992 SH   SOLE 0 37,992 0 0
SPDR S&P INTERNATIONAL CONSUMER STAPLES SECTOR ETF COM 78463X72 20,248 500,703 SH   SOLE 0 500,703 0 0
WISDOMTREE JAPAN HEDGED SMALLCAP EQUITY FUND COM 97717W52 13,934 388,038 SH   SOLE 0 388,038 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W85 25,027 437,543 SH   SOLE 0 437,543 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X70 27,823 451,753 SH   SOLE 0 451,753 0 0
ISHARES MSCI JAPAN ETF COM 46428684 25,260 1,971,957 SH   SOLE 0 1,971,957 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF COM 46428882 8,822 61,719 SH   SOLE 0 61,719 0 0
SPDR S&P REGIONAL BANKING ETF COM 78464A69 2,758 62,466 SH   SOLE 0 62,466 0 0
SPDR S&P INSURANCE ETF COM 78464A78 2,583 37,952 SH   SOLE 0 37,952 0 0
ISHARES NORTH AMERICAN TECH-SOFTWARE ETF COM 46428751 3,110 31,273 SH   SOLE 0 31,273 0 0
POWERSHARES S&P SMALLCAP CONSUMER STAPLES PORTFOLIO COM 73937B60 419 7,391 SH   SOLE 0 7,391 0 0
SPDR S&P SEMICONDUCTOR ETF COM 78464A86 599 6,967 SH   SOLE 0 6,967 0 0
POWERSHARES S&P SMALLCAP CONSUMER DISCRETIONARY PORTFOLIO COM 73937B50 633 11,568 SH   SOLE 0 11,568 0 0
POWERSHARES S&P SMALLCAP HEALTH CARE PORTFOLIO COM 73937B88 3,117 43,736 SH   SOLE 0 43,736 0 0
AMERICAN AIRLINES GROUP, INC. COM 02376R10 300 7,524 SH   SOLE 0 7,524 0 0
DELTA AIR LINES INC COM 24736170 324 7,905 SH   SOLE 0 7,905 0 0
EGSHARES EMERGING MARKETS CONSUMER ETF COM 26846177 459 17,627 SH   SOLE 0 17,627 0 0
FIRST TRUST NASDAQ GLOBAL AUTO INDEX FUND COM 33734X30 262 6,701 SH   SOLE 0 6,701 0 0
ISHARES MSCI JAPAN SMALL-CAP ETF COM 46428658 640 10,858 SH   SOLE 0 10,858 0 0
ISHARES MSCI TAIWAN ETF COM 46428673 868 55,041 SH   SOLE 0 55,041 0 0
ISHARES MSCI SWITZERLAND CAPPED ETF COM 46428674 1,002 30,607 SH   SOLE 0 30,607 0 0
ISHARES MSCI SWEDEN ETF COM 46428675 987 31,095 SH   SOLE 0 31,095 0 0
ISHARES MSCI HONG KONG ETF COM 46428687 134 5,954 SH   SOLE 0 5,954 0 0
ISHARES GLOBAL TECH ETF COM 46428729 2,502 26,155 SH   SOLE 0 26,155 0 0
ISHARES NORTH AMERICAN TECH-SOFTWARE ETF COM 46428751 137 1,385 SH   SOLE 0 1,385 0 0
ISHARES US TELECOMMUNICATIONS ETF COM 46428771 584 19,963 SH   SOLE 0 19,963 0 0
ISHARES GLOBAL UTILITIES ETF COM 46428871 121 2,750 SH   SOLE 0 2,750 0 0
ISHARES GLOBAL CONSUMER STAPLES ETF COM 46428873 473 5,266 SH   SOLE 0 5,266 0 0
ISHARES GLOBAL CONSUMER DISCRETIONARY ETF COM 46428874 2,173 23,804 SH   SOLE 0 23,804 0 0
ISHARES U.S. MEDICAL DEVICES ETF COM 46428881 61 512 SH   SOLE 0 512 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF COM 46428882 1,676 11,729 SH   SOLE 0 11,729 0 0
ISHARES MSCI INDIA SMALL CAP ETF COM 46429B61 261 7,842 SH   SOLE 0 7,842 0 0
ISHARES MSCI CHINA ETF COM 46429B67 703 12,556 SH   SOLE 0 12,556 0 0
POWERSHARES DWA EMERGING MARKETS TECHNICAL LEADERS PORTFOLIO COM 73936Q20 565 31,219 SH   SOLE 0 31,219 0 0
SPDR BARCLAYS AGGREGATE BOND ETF COM 78464A64 5,606 97,670 SH   SOLE 0 97,670 0 0
SPDR S&P REGIONAL BANKING ETF COM 78464A69 1,717 38,893 SH   SOLE 0 38,893 0 0
SPDR S&P INSURANCE ETF COM 78464A78 1,841 26,506 SH   SOLE 0 26,506 0 0
CONSUMER STAPLES SELECT SECTOR SPDR FUND COM 81369Y30 1,413 29,695 SH   SOLE 0 29,695 0 0
UTILITIES SELECT SECTOR SPDR FUND COM 81369Y88 421 10,158 SH   SOLE 0 10,158 0 0
SOUTHWEST AIRLINES CO COM 84474110 89 2,700 SH   SOLE 0 2,700 0 0
UNITED CONTINENTAL HOLDINGS COM 91004710 283 5,347 SH   SOLE 0 5,347 0 0
WISDOMTREE EMERGING MARKETS CONSUMER GROWTH FUND COM 97717W53 123 5,053 SH   SOLE 0 5,053 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W85 981 17,167 SH   SOLE 0 17,167 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X70 1,559 25,313 SH   SOLE 0 25,313 0 0
SPDR MSCI EUROPE HEALTH CARESM UCITS ETF COM F8982619 862 6,577 SH   SOLE 0 6,577 0 0
ISHARES MSCI TAIWAN ETF COM 46428673 2,429 153,991 SH   SOLE 0 153,991 0 0
ISHARES MSCI SWITZERLAND CAPPED ETF COM 46428674 1,125 34,367 SH   SOLE 0 34,367 0 0
ISHARES MSCI SWEDEN ETF COM 46428675 1,111 34,976 SH   SOLE 0 34,976 0 0
ISHARES EUROPE DEVELOPMENT REAL ESTATE ETF COM 46428847 1,220 32,680 SH   SOLE 0 32,680 0 0
ISHARES MSCI INDIA SMALL CAP ETF COM 46429B61 1,198 35,986 SH   SOLE 0 35,986 0 0
WISDOMTREE JAPAN HEDGED SMALLCAP EQUITY FUND COM 97717W52 1,995 55,579 SH   SOLE 0 55,579 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W85 3,264 57,080 SH   SOLE 0 57,080 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X70 2,704 43,916 SH   SOLE 0 43,916 0 0
ISHARES MSCI JAPAN ETF COM 46428684 3,399 265,366 SH   SOLE 0 265,366 0 0
ISHARES MSCI TAIWAN ETF COM 46428673 2,426 153,743 SH   SOLE 0 153,743 0 0
ISHARES MSCI SWITZERLAND CAPPED ETF COM 46428674 727 22,217 SH   SOLE 0 22,217 0 0
ISHARES MSCI SWEDEN ETF COM 46428675 722 22,729 SH   SOLE 0 22,729 0 0
ISHARES EUROPE DEVELOPMENT REAL ESTATE ETF COM 46428847 986 26,421 SH   SOLE 0 26,421 0 0
ISHARES MSCI CHINA ETF COM 46429B67 605 10,803 SH   SOLE 0 10,803 0 0
MARKET VECTORS INDIA SMALL-CAP INDEX ETF COM 57061R55 915 21,612 SH   SOLE 0 21,612 0 0
WISDOMTREE JAPAN HEDGED SMALLCAP EQUITY FUND COM 97717W52 1,045 29,108 SH   SOLE 0 29,108 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W85 1,622 28,365 SH   SOLE 0 28,365 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X70 1,200 19,485 SH   SOLE 0 19,485 0 0
ISHARES MSCI JAPAN ETF COM 46428684 1,725 134,712 SH   SOLE 0 134,712 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF COM 46428882 1,443 10,100 SH   SOLE 0 10,100 0 0
SPDR S&P REGIONAL BANKING ETF COM 78464A69 2,169 49,123 SH   SOLE 0 49,123 0 0
SPDR S&P INSURANCE ETF COM 78464A78 2,412 35,436 SH   SOLE 0 35,436 0 0
DEVON ENERGY CORPORATION COM 25179M10 66 1,125 SH   SOLE 0 1,125 0 0
HOLLYFRONTIER CORP COM 43610610 71 1,682 SH   SOLE 0 1,682 0 0
ISHARES MSCI TAIWAN ETF COM 46428673 233 14,794 SH   SOLE 0 14,794 0 0
ISHARES EUROPE DEVELOPMENT REAL ESTATE ETF COM 46428847 357 9,568 SH   SOLE 0 9,568 0 0
ISHARES U.S. MEDICAL DEVICES ETF COM 46428881 512 4,281 SH   SOLE 0 4,281 0 0
ISHARES MSCI INDIA SMALL CAP ETF COM 46429B61 158 4,754 SH   SOLE 0 4,754 0 0
MARATHON PETROLEUM CORP COM 56585A10 69 1,338 SH   SOLE 0 1,338 0 0
OCCIDENTAL PETROLEUM CORP COM 67459910 71 915 SH   SOLE 0 915 0 0
PHILLIPS 66 COM 71854610 69 858 SH   SOLE 0 858 0 0
WISDOMTREE JAPAN HEDGED SMALLCAP EQUITY FUND COM 97717W52 425 11,860 SH   SOLE 0 11,860 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W85 312 5,468 SH   SOLE 0 5,468 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X70 152 2,484 SH   SOLE 0 2,484 0 0
ISHARES MSCI JAPAN ETF COM 46428684 1,667 130,203 SH   SOLE 0 130,203 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF COM 46428882 553 3,870 SH   SOLE 0 3,870 0 0
SPDR S&P REGIONAL BANKING ETF COM 78464A69 723 16,382 SH   SOLE 0 16,382 0 0
SPDR S&P INSURANCE ETF COM 78464A78 1,279 18,791 SH   SOLE 0 18,791 0 0
DEVON ENERGY CORPORATION COM 25179M10 66 1,122 SH   SOLE 0 1,122 0 0
HOLLYFRONTIER CORP COM 43610610 71 1,679 SH   SOLE 0 1,679 0 0
ISHARES MSCI TAIWAN ETF COM 46428673 232 14,764 SH   SOLE 0 14,764 0 0
ISHARES EUROPE DEVELOPMENT REAL ESTATE ETF COM 46428847 356 9,545 SH   SOLE 0 9,545 0 0
ISHARES U.S. MEDICAL DEVICES ETF COM 46428881 511 4,271 SH   SOLE 0 4,271 0 0
ISHARES MSCI INDIA SMALL CAP ETF COM 46429B61 157 4,743 SH   SOLE 0 4,743 0 0
MARATHON PETROLEUM CORP COM 56585A10 69 1,334 SH   SOLE 0 1,334 0 0
OCCIDENTAL PETROLEUM CORP COM 67459910 71 913 SH   SOLE 0 913 0 0
PHILLIPS 66 COM 71854610 68 856 SH   SOLE 0 856 0 0
WISDOMTREE JAPAN HEDGED SMALLCAP EQUITY FUND COM 97717W52 424 11,833 SH   SOLE 0 11,833 0 0
WISDOMTREE TRUST WISDOMTREE JAPAN HEDGED EQUITY FUND COM 97717W85 311 5,441 SH   SOLE 0 5,441 0 0
WISDOMTREE EUROPE HEDGED EQUITY FUND COM 97717X70 152 2,469 SH   SOLE 0 2,469 0 0
ISHARES MSCI JAPAN ETF COM 46428684 1,661 129,737 SH   SOLE 0 129,737 0 0
ISHARES U.S. HEALTHCARE PROVIDERS ETF COM 46428882 551 3,861 SH   SOLE 0 3,861 0 0
SPDR S&P REGIONAL BANKING ETF COM 78464A69 721 16,348 SH   SOLE 0 16,348 0 0
SPDR S&P INSURANCE ETF COM 78464A78 1,276 18,749 SH   SOLE 0 18,749 0 0