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 MSCI AUST ETF 464286103 4,133 181,453 SH   OTR   181,453 0 0
ISHARES MSCI MEX CAP ETF 464286822 2,189 42,393 SH   OTR   42,393 0 0
ISHARES MSCI STH KOR ETF 464286772 2,581 41,530 SH   OTR   41,530 0 0
ISHARES MSCI FRANCE ETF 464286707 2,535 96,211 SH   OTR   96,211 0 0
ISHARES MSCI CDA ETF 464286509 1,314 48,884 SH   OTR   48,884 0 0
ISHARES MSCI SPAN CP ETF 464286764 2,400 79,066 SH   OTR   79,066 0 0
ISHARES MSCI SZ CAP ETF 464286749 5,622 175,475 SH   OTR   175,475 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 421 10,863 SH   OTR   10,863 0 0
ISHARES TR MSCI INDIA ETF 46429B598 2,457 77,853 SH   OTR   77,853 0 0
ISHARES TR US OIL EQ&SV ETF 464288844 1,306 31,294 SH   OTR   31,294 0 0
ISHARES TR MSCI AC ASIA ETF 464288182 4,014 63,465 SH   OTR   63,465 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 71 520 SH   OTR   520 0 0
OPKO HEALTH INC COM 68375N103 957 117,943 SH   OTR   117,943 0 0
ORMAT TECHNOLOGIES INC COM 686688102 4,102 72,116 SH   OTR   72,116 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 288 2,176 SH   OTR   2,176 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 5,819 78,028 SH   OTR   78,028 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 1,573 28,741 SH   OTR   28,741 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1,953 36,560 SH   OTR   36,560 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 1,863 59,232 SH   OTR   59,232 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 9,633 402,544 SH   OTR   402,544 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 95 461 SH   OTR   461 0 0
SPDR INDEX SHS FDS S&P CHINA ETF 78463X400 4,463 54,066 SH   OTR   54,066 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 167 705 SH   OTR   705 0 0
SPDR SERIES TRUST S&P HOMEBUILD 78464A888 27 732 SH   OTR   732 0 0
SPDR SERIES TRUST S&P BK ETF 78464A797 5,731 132,123 SH   OTR   132,123 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 12,466 242,333 SH   OTR   242,333 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717X701 2,665 42,613 SH   OTR   42,613 0 0
WISDOMTREE TR JAPN HEDGE EQT 97717W851 41 800 SH   OTR   800 0 0