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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 TR GLOBAL FINLS ETF 464287333 1,504 20,500 SH   SOLE   20,500 0 0
ISHARES TR GLOBAL MATER ETF 464288695 1,179 13,590 SH   SOLE   13,590 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 30,161 310,020 SH   SOLE   3,100,200 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 5,505 105,765 SH   SOLE   105,765 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 12,531 34,400 SH   SOLE   34,400 0 0