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
APPLE INC COM 037833100 252 1,650 SH   SOLE   1,650 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 178 950 SH   SOLE   950 0 0
ISH INC MSCI CDA INDX ETF 464286509 1,021 35,000 SH   SOLE   35,000 0 0
ISH INC MSCI PAC JP INDX ETF 464286665 14,683 314,200 SH   SOLE   314,200 0 0
ISH INC MSCI SINGAPORE ETF 464286673 988 75,000 SH   SOLE   75,000 0 0
ISH INC MSCI GERMAN ETF 464286806 8,798 277,000 SH   SOLE   277,000 0 0
ISH INC MSCI MEXICO CAP ETF 464286822 10,115 148,750 SH   SOLE   148,750 0 0
ISH INC MSCI HONG KONG ETF 464286871 3,914 190,000 SH   SOLE   190,000 0 0
ISH TR DJ SEL DIV INDX ETF 464287168 19,122 268,000 SH   SOLE   268,000 0 0
ISH TR CORE TOTUSBD ETF 464287226 639 6,000 SH   SOLE   6,000 0 0
ISH TR MSCI EMG MKT ETF 464287234 52,699 1,261,300 SH   SOLE   1,261,300 0 0
ISH TR S&P NA NAT RES ETF 464287374 738 17,000 SH   SOLE   17,000 0 0
ISH TR S&P LATN AMER 40 ETF 464287390 1,848 49,900 SH   SOLE   49,900 0 0
ISH TR S&P 500 VALUE ETF 464287408 7,691 90,000 SH   SOLE   90,000 0 0
ISH INC MSCI EAFE INDX ETF 464287465 35,141 934,000 SH   SOLE   934,000 0 0
ISH TR RUS MC VAL ETF 464287473 460 7,000 SH   SOLE   7,000 0 0
ISH TR RUS MD CP GR ETF 464287481 38,634 457,875 SH   SOLE   457,875 0 0
ISH TR RUS MD CP ETF 464287499 7,949 53,000 SH   SOLE   53,000 0 0
ISH TR CORE S&P MCP ETF 464287507 3,747 28,000 SH   SOLE   28,000 0 0
ISH TR S&P N AMER TECH ETF 464287549 403 4,500 SH   SOLE   4,500 0 0
ISH TR COHEN & STEER RLTY ETF 464287564 342 4,575 SH   SOLE   4,575 0 0
ISH TR RUS 1000 VAL ETF 464287598 30,415 323,000 SH   SOLE   323,000 0 0
ISH TR S&P MC 400 GR ETF 464287606 33,829 225,000 SH   SOLE   225,000 0 0
ISH TR RUS 1000 GR ETF 464287614 32,661 380,000 SH   SOLE   380,000 0 0
ISH TR RUS 2000 VAL ETF 464287630 3,259 32,750 SH   SOLE   32,750 0 0
ISH TR RUS 2000 GR ETF 464287648 4,777 33,250 SH   SOLE   33,250 0 0
ISH TR RUS 2000 ETF 464287655 4,845 42,000 SH   SOLE   42,000 0 0
ISH TR DJ US REAL EST ETF 464287739 23,122 366,500 SH   SOLE   366,500 0 0
ISH TR DJ US FINLS ETF 464287788 561 7,000 SH   SOLE   7,000 0 0
ISH TR MSCI ACWI US ETF 464288240 13,209 283,000 SH   SOLE   283,000 0 0
ISH TR DJ INTL SEL DIV ETF 464288448 14,691 387,000 SH   SOLE   387,000 0 0
ISH TR S&P GLB CNSM STP ETF 464288737 603 7,000 SH   SOLE   7,000 0 0
ISH TR S&P GLB CNSM DISC ETF 464288745 420 5,000 SH   SOLE   5,000 0 0
ISH TR US AER & DEF ETF 464288760 423 4,000 SH   SOLE   4,000 0 0
ISH TR US BR-DEAL ETF 464288794 270 7,000 SH   SOLE   7,000 0 0
ISH TR US MED DVC ETF 464288810 650 7,000 SH   SOLE   7,000 0 0
MIDDLEBY CORP COM 596278101 204 850 SH   SOLE   850 0 0
VG SPEC PORT DIV APP ETF 921908844 30,322 403,000 SH   SOLE   403,000 0 0
VG HIGH DIV YLD ETF 921946406 16,676 395,500 SH   SOLE   395,500 0 0
VG ACWI EX US ETF 922042775 16,741 330,000 SH   SOLE   330,000 0 0
VG INTL EQ INDX F MEGA CP GR ETF 922042866 490 8,000 SH   SOLE   8,000 0 0
ALPS ETF TR ALERIAN MLP ETF 00162Q866 1,601 90,000 SH   SOLE   90,000 0 0
ISH TR S&P GSCI CMDTY ETF 46428R107 5,472 170,000 SH   SOLE   170,000 0 0
ISH TR IRELAND CAP ETF 46429B507 1,183 33,000 SH   SOLE   33,000 0 0
ISH TR HIGH DIV ETF 46429B663 17,984 256,000 SH   SOLE   256,000 0 0
PSH QQQ TR ETF 73935A104 39,453 449,650 SH   SOLE   449,650 0 0
PSH DB CMDTY INDX ETF 73935S105 4,361 170,000 SH   SOLE   170,000 0 0
SPDR S&P 500 ETF 78462F103 7,900 42,775 SH   SOLE   42,775 0 0
SPDR INDX SHS FDS S&P INTL ETF 78463X772 4,128 87,000 SH   SOLE   87,000 0 0
SPDR DJ REIT ETF 78464A607 31,779 445,900 SH   SOLE   445,900 0 0
SPDR S&P DIV ETF 78464A763 16,615 228,800 SH   SOLE   228,800 0 0
SPDR S&P BIOTECH ETF 78464A870 423 3,250 SH   SOLE   3,250 0 0
SPDR S&P MC 400 ETF 78467Y107 733 3,000 SH   SOLE   3,000 0 0
SLCT SCTR SPDR TR INT-ENERGY ETF 81369Y506 1,925 21,750 SH   SOLE   21,750 0 0
SLCT SCTR SPDR TR INT-INDS ETF 81369Y704 314 6,000 SH   SOLE   6,000 0 0
SLCT SCTR SPDR TR TECH ETF 81369Y803 4,110 115,000 SH   SOLE   115,000 0 0