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 NW Zealand CP ETF MSCI NW ZEALND CP ETF 464289123 177 3,845 SH   SOLE   3,845 0 0
iShares MSCI France ETF MSCI FRANCE ETF 464286707 3,918 147,737 SH   SOLE   147,737 0 0
iShares MSCI GERMANY ETF MSCI GERM 464286806 3,823 150,790 SH   SOLE   150,790 0 0
iShares INC MSCI ITL ETF New MSCI ITL ETF 46434G830 815 33,672 SH   SOLE   33,672 0 0
iShares MSCI Netherlands ETF MSCI NETHERL ETF 464286814 1,333 50,677 SH   SOLE   50,677 0 0
iShares MSCI Spain Capped ETF MSCI SPAN CP ETF 464286764 1,054 39,283 SH   SOLE   39,283 0 0
iShares MSCI Sweden ETF MSCI SWEDEN ETF 464286756 1,664 58,909 SH   SOLE   58,909 0 0
iShares MSCI SZ CAP ETF MSCI SZ CAP ETF 464286749 4,282 135,845 SH   SOLE   135,845 0 0
Vanguard Index Fds S&P 500 ETF S&P 500 ETF 922908363 46,517 202,417 SH   SOLE   202,417 0 0
SPDR Index SHS FDS Asia Pacif ETF Asia Pacif ETF 78463X301 7,695 87,685 SH   SOLE   87,685 0 0
iShares INC MSCI JPN ETF NEW MSCI JPN ETF 46434G822 8,344 164,602 SH   SOLE   164,602 0 0
Vanguard Index FDS Small CP ETF Small CP ETF 922908751 19,414 147,086 SH   SOLE   147,086 0 0
iShares MSCI AUST ETF MSCI AUST ETF 464286103 2,284 118,646 SH   SOLE   118,646 0 0
iShares MSCI CDA ETF MSCI CDA ETF 464286509 3,339 139,349 SH   SOLE   139,349 0 0
iShares TR Latn Amer 40 ETF Latin Amer 40 ETF 464287390 1,177 38,197 SH   SOLE   38,197 0 0
iShares TR MSCI EMG MKT ETF MSCI EMG MKT ETF 464287234 1,409 36,072 SH   SOLE   36,072 0 0
iShares TR MSCI UK ETF NEW MSCI UK ETF NEW 46435G334 5,986 203,967 SH   SOLE   203,967 0 0