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
HEALTHSOUTH CORP COM NEW 421924309 100 2,789 SH   OTR   0 2,789 0
ISHARES IBOXX HI YD ETF 464288513 129 1,350 SH   OTR   0 1,350 0
ISHARES IBOXX INV CP ETF 464287242 391 3,280 SH   OTR   0 3,280 0
ISHARES MSCI AUST ETF 464286103 127 4,860 SH   OTR   0 4,860 0
ISHARES MSCI FRANCE ETF 464286707 155 5,310 SH   OTR   0 5,310 0
ISHARES MSCI GERMANY ETF 464286806 148 4,720 SH   OTR   0 4,720 0
ISHARES MSCI HONG KG ETF 464286871 45 2,170 SH   OTR   0 2,170 0
ISHARES MSCI ITALCPD ETF 464286855 40 2,310 SH   OTR   0 2,310 0
ISHARES MSCI JAPAN ETF 464286848 312 25,900 SH   OTR   0 25,900 0
ISHARES MSCI NETHERL ETF 464286814 47 1,850 SH   OTR   0 1,850 0
ISHARES MSCI SINGAP ETF 464286673 23 1,670 SH   OTR   0 1,670 0
ISHARES MSCI SPAN CP ETF 464286764 56 1,310 SH   OTR   0 1,310 0
ISHARES MSCI SWEDEN ETF 464286756 49 1,400 SH   OTR   0 1,400 0
ISHARES MSCI SZ CAP ETF 464286749 144 4,200 SH   OTR   0 4,200 0
ISHARES MSCI UK ETF 464286699 325 15,550 SH   OTR   0 15,550 0
ISHARES RUS 1000 GRW ETF 464287614 707 7,780 SH   OTR   0 7,780 0
ISHARES RUS 2000 GRW ETF 464287648 706 5,100 SH   OTR   0 5,100 0
ISHARES RUS MD CP GR ETF 464287481 708 7,900 SH   OTR   0 7,900 0
ISHARES S&P 100 ETF 464287101 2,128 24,590 SH   OTR   0 24,590 0
ISHARES TIPS BD ETF 464287176 525 4,550 SH   OTR   0 4,550 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 26,832 601,343 SH   SOLE   601,343 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 26,977 443,490 SH   SOLE   443,490 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 26,809 267,819 SH   SOLE   267,819 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 26,986 1,186,700 SH   SOLE   1,186,700 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 26,668 493,306 SH   SOLE   493,306 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 27,447 620,123 SH   SOLE   620,123 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 27,014 544,192 SH   SOLE   544,192 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 27,291 711,632 SH   SOLE   711,632 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 24,171 123,500 SH   OTR   0 123,500 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 729 17,460 SH   OTR   0 17,460 0