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
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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
POWERSHARES EXCHANGE TRADED FD TR DYNAMIC PHARMACEUTICALS PORTFOLIO ETF 73935X799 17,206,717 303,737 SH   SOLE   303,737 0 0
ISHARES NASDAQ BIOTECHNOLOGY ETF ETF 464287556 16,179,941 68,443 SH   SOLE   68,443 0 0
ISHARES U S BROKER DEALERS ETF ETF 464288794 6,950,188 180,057 SH   SOLE   180,057 0 0
ISHARES U S HEALTHCARE ETF ETF 464287762 11,381,248 92,508 SH   SOLE   92,508 0 0
POWERSHARES EXCHANGE TRADED FDS TST WILDER HILL CLEAN ENERGY P/F ISIN #US73935X5005 ETF 73935X500 3,985,077 562,864 SH   SOLE   562,864 0 0
MARKET VECTORS ETF TRUST BIOTECH ETF ETF 57060U183 14,362,023 157,929 SH   SOLE   157,929 0 0
WISDOMTREE TR EUROPE SMALLCAP DIVID FD ETF 97717W869 7,725,866 123,555 SH   SOLE   123,555 0 0
GUGGENHEIM SPINOFF ETF ETF 18383M605 9,710,135 214,068 SH   SOLE   214,068 0 0
POWERSHARES EXCHANGE TRADED FD TR II BUILD AMERICA BOND PORTFOLIO ETF 73937B407 7,661,199 266,662 SH   SOLE   266,662 0 0
FIRST TR NASDAQ CLEAN EDGE GREEN ENERGY INDEX FD ETF 33733E500 4,015,811 197,726 SH   SOLE   197,726 0 0
POWERSHARES GOLDEN DRAGON CHINA PORTFOLIO ISIN #US73935X4016 SEDOL #B3LZBR8 ETF 73935X401 6,231,483 207,095 SH   SOLE   207,095 0 0
POWERSHARES EXCHANGE TRADED FD TR II S&P SMALLCAP HEALTH CARE PORT ETF 73937B886 10,827,694 199,865 SH   SOLE   199,865 0 0
CLAYMORE EXCHANGE TRADED FD TR 2 GUGGENHEIM SOLAR ETF ETF 18383Q739 4,607,034 104,208 SH   SOLE   104,208 0 0
POWERSHARES EXCHANGE TRADED FD TR DYNAMIC BIOTECHNOLOGY & GENOME PORTFOLIO ETF 73935X856 4,086,151 98,154 SH   SOLE   98,154 0 0
POWERSHARES NASDAQ INTERNET PORTFOLIO ETF 73935X146 3,558,374 53,972 SH   SOLE   53,972 0 0
VANGUARD SECTOR INDEX FDS VANGUARD HEALTH CARE VIPERS ETF 92204A504 3,476,546 32,515 SH   SOLE   32,515 0 0
SPDR SER TR S&P PHARMACEUTICALS ETF ETF 78464A722 9,889,157 105,642 SH   SOLE   105,642 0 0
FIRST TR ISE GLOBAL WIND ENERGY INDEX FD COM SHS ETF 33736G106 813,125 67,479 SH   SOLE   67,479 0 0
SPDR SERIES TRUST S&P AEROSPACE & DEFENSE ETF ETF 78464A631 3,751,591 36,701 SH   SOLE   36,701 0 0
ISHARES US REGIONAL BANKS ETF ETF 464288778 497,973 14,240 SH   SOLE   14,240 0 0