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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

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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
VANGUARD INDEX FDS REAL ESTATE ETF 922908553 9,970 92,000 SH   SOLE   92,000 0 0
ISHARES TR COHEN STEER REIT 464287564 3,266 46,000 SH   SOLE   46,000 0 0
SPDR SER TR DJ REIT ETF 78464A607 2,112 18,000 SH   SOLE   18,000 0 0
ISHARES TR U.S. REAL ES ETF 464287739 8,874 82,000 SH   SOLE   82,000 0 0
ISHARES TR GLOBAL REIT ETF 46434V647 6,426 220,000 SH   SOLE   220,000 0 0
SCHWAB STRATEGIC TR US REIT ETF 808524847 3,136 126,000 SH   SOLE   126,000 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 5,219 108,000 SH   SOLE   108,000 0 0
ISHARES TR CRE U S REIT ETF 464288521 3,233 50,000 SH   SOLE   50,000 0 0