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 274 4,745 SH   SOLE   4,745 0 0
iShares MSCI France ETF MSCI FRANCE ETF 464286707 5,331 162,987 SH   SOLE   162,987 0 0
iShares MSCI GERMANY ETF MSCI GERM 464286806 5,103 173,581 SH   SOLE   173,581 0 0
iShares INC MSCI ITL ETF New MSCI ITL ETF 46434G830 826 28,008 SH   SOLE   28,008 0 0
iShares MSCI Netherlands ETF MSCI NETHERL ETF 464286814 1,855 54,784 SH   SOLE   54,784 0 0
iShares MSCI Spain Capped ETF MSCI SPAN CP ETF 464286764 1,079 37,304 SH   SOLE   37,304 0 0
iShares MSCI Sweden ETF MSCI SWEDEN ETF 464286756 2,577 78,338 SH   SOLE   78,338 0 0
iShares MSCI SZ CAP ETF MSCI SZ CAP ETF 464286749 6,803 167,394 SH   SOLE   167,394 0 0
Vanguard Index Fds S&P 500 ETF S&P 500 ETF 922908363 62,798 212,300 SH   SOLE   212,300 0 0
SPDR Index SHS FDS Asia Pacif ETF Asia Pacif ETF 78463X301 11,351 109,793 SH   SOLE   109,793 0 0
iShares INC MSCI JPN ETF NEW MSCI JPN ETF 46434G822 15,554 262,567 SH   SOLE   262,567 0 0
Vanguard Index FDS Small CP ETF Small CP ETF 922908751 26,666 160,990 SH   SOLE   160,990 0 0
iShares MSCI AUST ETF MSCI AUST ETF 464286103 3,943 174,151 SH   SOLE   174,151 0 0
iShares MSCI CDA ETF MSCI CDA ETF 464286509 4,010 134,167 SH   SOLE   134,167 0 0
iShares TR Latn Amer 40 ETF Latin Amer 40 ETF 464287390 1,688 49,679 SH   SOLE   49,679 0 0
iShares TR MSCI EMG MKT ETF MSCI EMG MKT ETF 464287234 1,944 43,322 SH   SOLE   43,322 0 0
iShares TR MSCI UK ETF NEW MSCI UK ETF NEW 46435G334 4,675 137,088 SH   SOLE   137,088 0 0