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 Japan ETF COM 464286848 1,067 93,527 SH   SOLE 0 93,527 0 0
Global X China Consumer ETF COM 37950E408 305 27,215 SH   SOLE 0 27,215 0 0
SPDR S&P Homebuilders ETF COM 78464A888 386 11,410 SH   SOLE 0 11,410 0 0
iShares MSCI Japan Small-Cap ETF COM 464286582 572 9,865 SH   SOLE 0 9,865 0 0
SPDR S&P Insurance ETF COM 78464A789 652 9,422 SH   SOLE 0 9,422 0 0
PowerShares International BuyBack Achievers Portfolio COM 73937B621 245 8,985 SH   SOLE 0 8,985 0 0
WisdomTree Japan Hedged Health Care Fund COM 97717X503 228 6,998 SH   SOLE 0 6,998 0 0
Vanguard REIT Index Fund COM 922908553 511 6,099 SH   SOLE 0 6,099 0 0
iShares MSCI India Small Cap ETF COM 46429B614 133 4,372 SH   SOLE 0 4,372 0 0
iShares MSCI Germany ETF COM 464286806 104 4,053 SH   SOLE 0 4,053 0 0
Vanguard Telecommunication Services Index Fund COM 92204A884 346 3,739 SH   SOLE 0 3,739 0 0
Vanguard Consumer Staples Index Fund COM 92204A207 466 3,450 SH   SOLE 0 3,450 0 0
SPDR S&P Regional Banking ETF COM 78464A698 112 2,989 SH   SOLE 0 2,989 0 0
iShares U.S. Medical Devices ETF COM 464288810 347 2,834 SH   SOLE 0 2,834 0 0
iShares U.S. Healthcare Providers ETF COM 464288828 333 2,734 SH   SOLE 0 2,734 0 0
Vipshop Holdings Ltd Sponsored ADR COM 92763W103 27 2,140 SH   SOLE 0 2,140 0 0
Melco Crown Entertainment Limited Sponsored ADR COM 585464100 35 2,124 SH   SOLE 0 2,124 0 0
iShares Europe Developed Real Estate ETF COM 464288471 61 1,621 SH   SOLE 0 1,621 0 0
JD.com, Inc. Sponsored ADR Class A COM 47215P106 38 1,459 SH   SOLE 0 1,459 0 0
iShares MSCI Spain Capped ETF COM 464286764 36 1,358 SH   SOLE 0 1,358 0 0
iShares Currency Hedged MSCI Germany ETF COM 46434V704 30 1,317 SH   SOLE 0 1,317 0 0
Ctrip.com International Ltd Sponsored ADR COM 22943F100 44 997 SH   SOLE 0 997 0 0
iShares North American Tech-Software ETF COM 464287515 96 961 SH   SOLE 0 961 0 0
SPDR MSCI Europe Consumer Staples UCITS ETF COM G8T03D186 104 565 SH   SOLE 0 565 0 0
Alibaba Group Holding Ltd. Sponsored ADR COM 01609W102 43 552 SH   SOLE 0 552 0 0
New Oriental Education & Technology Group, Inc. Sponsored ADR COM 647581107 17 510 SH   SOLE 0 510 0 0
E-Commerce China Dangdang, Inc. Sponsored ADR Class A COM 26833A105 3 468 SH   SOLE 0 468 0 0
Youku Tudou, Inc. Sponsored ADR Class A COM 98742U100 8 300 SH   SOLE 0 300 0 0
Homeinns Hotel Group Sponsored ADR COM 43742E102 9 253 SH   SOLE 0 253 0 0
iShares MSCI Japan ETF COM 464286848 1,070 93,801 SH   SOLE 0 93,801 0 0
Global X China Consumer ETF COM 37950E408 306 27,296 SH   SOLE 0 27,296 0 0
SPDR S&P Homebuilders ETF COM 78464A888 387 11,443 SH   SOLE 0 11,443 0 0
iShares MSCI Japan Small-Cap ETF COM 464286582 574 9,893 SH   SOLE 0 9,893 0 0
SPDR S&P Insurance ETF COM 78464A789 654 9,450 SH   SOLE 0 9,450 0 0
PowerShares International BuyBack Achievers Portfolio COM 73937B621 246 9,011 SH   SOLE 0 9,011 0 0
WisdomTree Japan Hedged Health Care Fund COM 97717X503 228 7,018 SH   SOLE 0 7,018 0 0
Vanguard REIT Index Fund COM 922908553 512 6,117 SH   SOLE 0 6,117 0 0
iShares MSCI India Small Cap ETF COM 46429B614 134 4,384 SH   SOLE 0 4,384 0 0
iShares MSCI Germany ETF COM 464286806 104 4,065 SH   SOLE 0 4,065 0 0
Vanguard Telecommunication Services Index Fund COM 92204A884 347 3,750 SH   SOLE 0 3,750 0 0
Vanguard Consumer Staples Index Fund COM 92204A207 468 3,460 SH   SOLE 0 3,460 0 0
SPDR S&P Regional Banking ETF COM 78464A698 112 2,998 SH   SOLE 0 2,998 0 0
iShares U.S. Medical Devices ETF COM 464288810 348 2,843 SH   SOLE 0 2,843 0 0
iShares U.S. Healthcare Providers ETF COM 464288828 334 2,742 SH   SOLE 0 2,742 0 0
Vipshop Holdings Ltd Sponsored ADR COM 92763W103 27 2,147 SH   SOLE 0 2,147 0 0
Melco Crown Entertainment Limited Sponsored ADR COM 585464100 35 2,130 SH   SOLE 0 2,130 0 0
iShares Europe Developed Real Estate ETF COM 464288471 61 1,626 SH   SOLE 0 1,626 0 0
JD.com, Inc. Sponsored ADR Class A COM 47215P106 38 1,463 SH   SOLE 0 1,463 0 0
iShares MSCI Spain Capped ETF COM 464286764 37 1,362 SH   SOLE 0 1,362 0 0
iShares Currency Hedged MSCI Germany ETF COM 46434V704 30 1,321 SH   SOLE 0 1,321 0 0
Ctrip.com International Ltd Sponsored ADR COM 22943F100 44 1,000 SH   SOLE 0 1,000 0 0
iShares North American Tech-Software ETF COM 464287515 97 964 SH   SOLE 0 964 0 0
SPDR MSCI Europe Consumer Staples UCITS ETF COM G8T03D186 104 566 SH   SOLE 0 566 0 0
Alibaba Group Holding Ltd. Sponsored ADR COM 01609W102 43 554 SH   SOLE 0 554 0 0
New Oriental Education & Technology Group, Inc. Sponsored ADR COM 647581107 17 511 SH   SOLE 0 511 0 0
E-Commerce China Dangdang, Inc. Sponsored ADR Class A COM 26833A105 3 469 SH   SOLE 0 469 0 0
Youku Tudou, Inc. Sponsored ADR Class A COM 98742U100 8 301 SH   SOLE 0 301 0 0
Homeinns Hotel Group Sponsored ADR COM 43742E102 9 254 SH   SOLE 0 254 0 0
PowerShares S&P SmallCap Utilities Portfolio COM 73937B837 1,483 33,003 SH   SOLE 0 33,003 0 0
PowerShares S&P SmallCap Consumer Discretionary Portfolio COM 73937B506 1,274 26,075 SH   SOLE 0 26,075 0 0
PowerShares S&P SmallCap Financials Portfolio COM 73937B803 955 23,324 SH   SOLE 0 23,324 0 0
PowerShares S&P SmallCap Health Care Portfolio COM 73937B886 1,362 20,569 SH   SOLE 0 20,569 0 0
iShares North American Tech-Software ETF COM 464287515 1,268 12,603 SH   SOLE 0 12,603 0 0
PowerShares S&P SmallCap Consumer Staples Portfolio COM 73937B605 603 10,107 SH   SOLE 0 10,107 0 0
SPDR S&P Insurance ETF COM 78464A789 666 9,619 SH   SOLE 0 9,619 0 0
PowerShares S&P SmallCap Industrials Portfolio COM 73937B878 193 4,296 SH   SOLE 0 4,296 0 0
iShares MSCI Japan ETF COM 464286848 2,845 249,356 SH   SOLE 0 249,356 0 0
SPDR S&P Insurance ETF COM 78464A789 1,741 25,155 SH   SOLE 0 25,155 0 0
iShares MSCI Japan Small-Cap ETF COM 464286582 1,366 23,543 SH   SOLE 0 23,543 0 0
SPDR EURO STOXX Small Cap ETF COM 78463X392 1,109 23,257 SH   SOLE 0 23,257 0 0
SPDR S&P Regional Banking ETF COM 78464A698 797 21,180 SH   SOLE 0 21,180 0 0
iShares Europe Developed Real Estate ETF COM 464288471 755 19,952 SH   SOLE 0 19,952 0 0
SPDR S&P Homebuilders ETF COM 78464A888 622 18,400 SH   SOLE 0 18,400 0 0
iShares MSCI Spain Capped ETF COM 464286764 496 18,276 SH   SOLE 0 18,276 0 0
Global X China Consumer ETF COM 37950E408 200 17,883 SH   SOLE 0 17,883 0 0
Market Vectors India Small-Cap Index ETF COM 57061R551 614 16,081 SH   SOLE 0 16,081 0 0
Vanguard REIT Index Fund COM 922908553 1,340 15,999 SH   SOLE 0 15,999 0 0
iShares Currency Hedged MSCI Germany ETF COM 46434V704 305 13,258 SH   SOLE 0 13,258 0 0
WisdomTree Japan Hedged Equity Fund COM 97717W851 534 12,218 SH   SOLE 0 12,218 0 0
iShares MSCI Germany ETF COM 464286806 262 10,183 SH   SOLE 0 10,183 0 0
Vanguard Consumer Staples Index Fund COM 92204A207 1,338 9,888 SH   SOLE 0 9,888 0 0
Vanguard Telecommunication Services Index Fund COM 92204A884 609 6,573 SH   SOLE 0 6,573 0 0
iShares U.S. Healthcare Providers ETF COM 464288828 650 5,331 SH   SOLE 0 5,331 0 0
iShares U.S. Medical Devices ETF COM 464288810 523 4,271 SH   SOLE 0 4,271 0 0
iShares North American Tech-Software ETF COM 464287515 259 2,573 SH   SOLE 0 2,573 0 0
iShares Currency Hedged MSCI Japan ETF COM 46434V886 40 1,597 SH   SOLE 0 1,597 0 0
SPDR MSCI Europe Consumer Staples UCITS ETF COM G8T03D186 291 1,581 SH   SOLE 0 1,581 0 0
Global X China Consumer ETF COM 37950E408 3,377 301,200 SH   SOLE 0 301,200 0 0
iShares MSCI Japan ETF COM 464286848 2,978 261,006 SH   SOLE 0 261,006 0 0
iShares MSCI Germany ETF COM 464286806 1,187 46,167 SH   SOLE 0 46,167 0 0
iShares MSCI Japan Small-Cap ETF COM 464286582 2,074 35,747 SH   SOLE 0 35,747 0 0
iShares Europe Developed Real Estate ETF COM 464288471 1,100 29,057 SH   SOLE 0 29,057 0 0
iShares Currency Hedged MSCI Germany ETF COM 46434V704 621 27,014 SH   SOLE 0 27,014 0 0
WisdomTree Japan Hedged Health Care Fund COM 97717X503 717 22,020 SH   SOLE 0 22,020 0 0
SPDR EURO STOXX Small Cap ETF COM 78463X392 1,031 21,618 SH   SOLE 0 21,618 0 0
iShares MSCI India Small Cap ETF COM 46429B614 584 19,119 SH   SOLE 0 19,119 0 0
PowerShares International BuyBack Achievers Portfolio COM 73937B621 522 19,109 SH   SOLE 0 19,109 0 0
iShares Global Healthcare ETF COM 464287325 1,121 11,646 SH   SOLE 0 11,646 0 0
SPDR MSCI Europe Consumer Staples UCITS ETF COM G8T03D186 1,208 6,545 SH   SOLE 0 6,545 0 0
iShares MSCI Japan ETF COM 464286848 19,667 1,723,683 SH   SOLE 0 1,723,683 0 0
Global X China Consumer ETF COM 37950E408 7,966 710,424 SH   SOLE 0 710,424 0 0
SPDR EURO STOXX Small Cap ETF COM 78463X392 20,632 432,461 SH   SOLE 0 432,461 0 0
iShares MSCI Germany ETF COM 464286806 8,681 337,404 SH   SOLE 0 337,404 0 0
iShares MSCI Japan Small-Cap ETF COM 464286582 16,521 284,654 SH   SOLE 0 284,654 0 0
iShares Currency Hedged MSCI Germany ETF COM 46434V704 6,037 262,397 SH   SOLE 0 262,397 0 0
PowerShares International BuyBack Achievers Portfolio COM 73937B621 5,885 215,426 SH   SOLE 0 215,426 0 0
iShares Europe Developed Real Estate ETF COM 464288471 6,173 163,075 SH   SOLE 0 163,075 0 0
Market Vectors India Small-Cap Index ETF COM 57061R551 5,826 152,372 SH   SOLE 0 152,372 0 0
Vanguard REIT Index Fund COM 922908553 12,693 151,470 SH   SOLE 0 151,470 0 0
SPDR MSCI Europe Consumer Staples UCITS ETF COM G8T03D186 21,154 114,686 SH   SOLE 0 114,686 0 0
iShares North American Tech-Software ETF COM 464287515 9,981 99,147 SH   SOLE 0 99,147 0 0
SPDR S&P Regional Banking ETF COM 78464A698 2,985 79,319 SH   SOLE 0 79,319 0 0
iShares U.S. Medical Devices ETF COM 464288810 9,696 79,167 SH   SOLE 0 79,167 0 0
WisdomTree Japan Hedged Health Care Fund COM 97717X503 2,480 76,125 SH   SOLE 0 76,125 0 0
iShares U.S. Healthcare Providers ETF COM 464288828 8,996 73,752 SH   SOLE 0 73,752 0 0
Vanguard Telecommunication Services Index Fund COM 92204A884 6,213 67,010 SH   SOLE 0 67,010 0 0
Vanguard Consumer Staples Index Fund COM 92204A207 8,733 64,542 SH   SOLE 0 64,542 0 0
Vipshop Holdings Ltd Sponsored ADR COM 92763W103 743 57,701 SH   SOLE 0 57,701 0 0
Melco Crown Entertainment Limited Sponsored ADR COM 585464100 948 57,442 SH   SOLE 0 57,442 0 0
JD.com, Inc. Sponsored ADR Class A COM 47215P106 1,036 39,116 SH   SOLE 0 39,116 0 0
Ctrip.com International Ltd Sponsored ADR COM 22943F100 1,186 26,806 SH   SOLE 0 26,806 0 0
Alibaba Group Holding Ltd. Sponsored ADR COM 01609W102 1,173 14,855 SH   SOLE 0 14,855 0 0
New Oriental Education & Technology Group, Inc. Sponsored ADR COM 647581107 473 13,692 SH   SOLE 0 13,692 0 0
E-Commerce China Dangdang, Inc. Sponsored ADR Class A COM 26833A105 77 10,928 SH   SOLE 0 10,928 0 0
Youku Tudou, Inc. Sponsored ADR Class A COM 98742U100 222 8,089 SH   SOLE 0 8,089 0 0
Homeinns Hotel Group Sponsored ADR COM 43742E102 245 6,874 SH   SOLE 0 6,874 0 0
iShares Currency Hedged MSCI Japan ETF COM 46434V886 103 4,114 SH   SOLE 0 4,114 0 0
iShares MSCI Japan ETF COM 464286848 975 85,519 SH   SOLE 0 85,519 0 0
iShares Europe Developed Real Estate ETF COM 464288471 1,912 50,508 SH   SOLE 0 50,508 0 0
iShares Global Tech ETF COM 464287291 2,972 29,768 SH   SOLE 0 29,768 0 0
SPDR S&P Regional Banking ETF COM 78464A698 900 23,919 SH   SOLE 0 23,919 0 0
iShares MSCI Germany ETF COM 464286806 603 23,439 SH   SOLE 0 23,439 0 0
iShares MSCI Japan Small-Cap ETF COM 464286582 1,335 23,016 SH   SOLE 0 23,016 0 0
Vanguard Telecommunication Services Index Fund COM 92204A884 2,127 22,946 SH   SOLE 0 22,946 0 0
EGShares Emerging Markets Consumer ETF COM 268461779 424 18,778 SH   SOLE 0 18,778 0 0
Global X China Consumer ETF COM 37950E408 204 18,211 SH   SOLE 0 18,211 0 0
iShares Global Consumer Staples ETF COM 464288737 1,770 18,185 SH   SOLE 0 18,185 0 0
SPDR S&P Homebuilders ETF COM 78464A888 609 18,020 SH   SOLE 0 18,020 0 0
Consumer Staples Select Sector SPDR Fund COM 81369Y308 884 16,663 SH   SOLE 0 16,663 0 0
SPDR S&P Insurance ETF COM 78464A789 1,069 15,443 SH   SOLE 0 15,443 0 0
iShares Global Consumer Discretionary ETF COM 464288745 1,233 13,918 SH   SOLE 0 13,918 0 0
iShares MSCI India Small Cap ETF COM 46429B614 391 12,793 SH   SOLE 0 12,793 0 0
Vanguard REIT Index Fund COM 922908553 1,065 12,712 SH   SOLE 0 12,712 0 0
Utilities Select Sector SPDR Fund COM 81369Y886 549 11,074 SH   SOLE 0 11,074 0 0
SPDR EURO STOXX Small Cap ETF COM 78463X392 486 10,192 SH   SOLE 0 10,192 0 0
First Trust NASDAQ Global Auto Index Fund COM 33734X309 258 7,708 SH   SOLE 0 7,708 0 0
SPDR MSCI Europe Health Care UCITS ETF COM F89826196 994 7,606 SH   SOLE 0 7,606 0 0
iShares MSCI Spain Capped ETF COM 464286764 195 7,197 SH   SOLE 0 7,197 0 0
iShares U.S. Healthcare Providers ETF COM 464288828 847 6,951 SH   SOLE 0 6,951 0 0
WisdomTree Emerging Markets Consumer Growth Fund COM 97717W539 104 5,053 SH   SOLE 0 5,053 0 0
WisdomTree Japan Hedged Equity Fund COM 97717W851 132 3,022 SH   SOLE 0 3,022 0 0
SPDR MSCI Europe Consumer Staples UCITS ETF COM G8T03D186 444 2,409 SH   SOLE 0 2,409 0 0
iShares North American Tech-Software ETF COM 464287515 158 1,575 SH   SOLE 0 1,575 0 0
iShares Currency Hedged MSCI Japan ETF COM 46434V886 13 523 SH   SOLE 0 523 0 0
iShares U.S. Medical Devices ETF COM 464288810 62 512 SH   SOLE 0 512 0 0