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
AFLAC INC COM 001055102 1,380 22,170 SH   SOLE   22,170 0 0
AT&T INC COM 00206R102 248 7,026 SH   SOLE   7,026 0 0
ABBOTT LABS COM 002824100 417 10,198 SH   SOLE   10,198 0 0
ADVANCED MICRO DEVICES INC COM 007903107 378 90,208 SH   SOLE   90,208 0 0
AFFILIATED MANAGERS GROUP COM 008252108 539 2,624 SH   SOLE   2,624 0 0
ALEXANDRIA REAL ESTATE EQ IN COM 015271109 264 3,401 SH   SOLE   3,401 0 0
ALLEGHANY CORP DEL COM 017175100 342 781 SH   SOLE   781 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 744 2,647 SH   SOLE   2,647 0 0
ALLSTATE CORP COM 020002101 1,244 21,187 SH   SOLE   21,187 0 0
ALLY FINL INC COM 02005N100 307 12,832 SH   SOLE   12,832 0 0
ALTERA CORP COM 021441100 1,444 41,541 SH   SOLE   41,541 0 0
AMAZON COM INC COM 023135106 711 2,190 SH   SOLE   2,190 0 0
AMERICAN CAPITAL AGENCY CORP COM 02503X105 392 16,745 SH   SOLE   16,745 0 0
AMERICAN EXPRESS CO COM 025816109 4,202 44,289 SH   SOLE   44,289 0 0
AMERICAN FINL GROUP INC OHIO COM 025932104 205 3,440 SH   SOLE   3,440 0 0
AMERICAN INTL GROUP INC COM 026874784 4,171 76,417 SH   SOLE   76,417 0 0
AMERICAN RLTY CAP PPTYS INC COM 02917T104 540 43,097 SH   SOLE   43,097 0 0
AMERICAN TOWER CORP NEW COM 03027X100 1,738 19,320 SH   SOLE   19,320 0 0
AMERIPRISE FINL INC COM 03076C106 1,112 9,270 SH   SOLE   9,270 0 0
AMGEN INC COM 031162100 557 4,705 SH   SOLE   4,705 0 0
ANADARKO PETE CORP COM 032511107 433 3,956 SH   SOLE   3,956 0 0
ANALOG DEVICES INC COM 032654105 2,301 42,559 SH   SOLE   42,559 0 0
ANNALY CAP MGMT INC COM 035710409 514 44,972 SH   SOLE   44,972 0 0
APACHE CORP COM 037411105 506 5,027 SH   SOLE   5,027 0 0
APARTMENT INVT & MGMT CO CL A 03748R101 230 7,132 SH   SOLE   7,132 0 0
APPLE INC COM 037833100 903 9,717 SH   SOLE   9,717 0 0
APPLIED MATLS INC COM 038222105 3,173 140,716 SH   SOLE   140,716 0 0
ARM HLDGS PLC SPONSORED ADR 042068106 687 15,178 SH   SOLE   15,178 0 0
ASSURANT INC COM 04621X108 229 3,497 SH   SOLE   3,497 0 0
ATMEL CORP COM 049513104 467 49,832 SH   SOLE   49,832 0 0
AVALONBAY CMNTYS INC COM 053484101 898 6,317 SH   SOLE   6,317 0 0
BB&T CORP COM 054937107 1,383 35,075 SH   SOLE   35,075 0 0
BANK OF AMERICA CORPORATION COM 060505104 7,890 513,349 SH   SOLE   513,349 0 0
BANK NEW YORK MELLON CORP COM 064058100 2,087 55,671 SH   SOLE   55,671 0 0
BANKUNITED INC COM 06652K103 241 7,199 SH   SOLE   7,199 0 0
BERKLEY W R CORP COM 084423102 221 4,763 SH   SOLE   4,763 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 11,303 89,306 SH   SOLE   89,306 0 0
BEST BUY INC COM 086516101 492 15,853 SH   SOLE   15,853 0 0
BIOGEN IDEC INC COM 09062X103 241 763 SH   SOLE   763 0 0
BLACKROCK INC COM 09247X101 1,988 6,221 SH   SOLE   6,221 0 0
BOSTON PROPERTIES INC COM 101121101 883 7,472 SH   SOLE   7,472 0 0
BROADCOM CORP CL A 111320107 2,626 70,733 SH   SOLE   70,733 0 0
BROADRIDGE FINL SOLUTIONS IN COM 11133T103 238 5,727 SH   SOLE   5,727 0 0
CBOE HLDGS INC COM 12503M108 201 4,081 SH   SOLE   4,081 0 0
CBRE GROUP INC CL A 12504L109 438 13,674 SH   SOLE   13,674 0 0
C H ROBINSON WORLDWIDE INC COM 12541W209 564 8,848 SH   SOLE   8,848 0 0
CIGNA CORPORATION COM 125509109 303 3,290 SH   SOLE   3,290 0 0
CIT GROUP INC COM 125581801 420 9,182 SH   SOLE   9,182 0 0
CME GROUP INC COM 12572Q105 1,104 15,559 SH   SOLE   15,559 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 550 31,188 SH   SOLE   31,188 0 0
CABOT OIL & GAS CORP COM 127097103 372 10,887 SH   SOLE   10,887 0 0
CAMDEN PPTY TR SH BEN INT 133131102 289 4,061 SH   SOLE   4,061 0 0
CAPITAL ONE FINL CORP COM 14040H105 2,305 27,903 SH   SOLE   27,903 0 0
CATAMARAN CORP COM 148887102 220 4,989 SH   SOLE   4,989 0 0
CELGENE CORP COM 151020104 235 2,733 SH   SOLE   2,733 0 0
CENTURYLINK INC COM 156700106 575 15,891 SH   SOLE   15,891 0 0
CHESAPEAKE ENERGY CORP COM 165167107 469 15,087 SH   SOLE   15,087 0 0
CHEVRON CORP NEW COM 166764100 336 2,577 SH   SOLE   2,577 0 0
CHIMERA INVT CORP COM 16934Q109 156 48,771 SH   SOLE   48,771 0 0
CHUBB CORP COM 171232101 1,100 11,935 SH   SOLE   11,935 0 0
CIMAREX ENERGY CO COM 171798101 387 2,695 SH   SOLE   2,695 0 0
CINCINNATI FINL CORP COM 172062101 382 7,961 SH   SOLE   7,961 0 0
CISCO SYS INC COM 17275R102 873 35,148 SH   SOLE   35,148 0 0
CITIGROUP INC COM 172967424 6,985 148,297 SH   SOLE   148,297 0 0
CITRIX SYS INC COM 177376100 447 7,142 SH   SOLE   7,142 0 0
CITY NATL CORP COM 178566105 485 6,407 SH   SOLE   6,407 0 0
COCA COLA CO COM 191216100 217 5,116 SH   SOLE   5,116 0 0
COMCAST CORP NEW CL A 20030N101 333 6,199 SH   SOLE   6,199 0 0
COMERICA INC COM 200340107 445 8,869 SH   SOLE   8,869 0 0
COMSTOCK RES INC COM 205768203 369 12,804 SH   SOLE   12,804 0 0
CONOCOPHILLIPS COM 20825C104 579 6,753 SH   SOLE   6,753 0 0
COSTCO WHSL CORP NEW COM 22160K105 378 3,282 SH   SOLE   3,282 0 0
CREE INC COM 225447101 803 16,079 SH   SOLE   16,079 0 0
CROWN CASTLE INTL CORP COM 228227104 1,210 16,295 SH   SOLE   16,295 0 0
DDR CORP COM 23317H102 252 14,305 SH   SOLE   14,305 0 0
DELTA AIR LINES INC DEL COM NEW 247361702 251 6,479 SH   SOLE   6,479 0 0
DEVON ENERGY CORP NEW COM 25179M103 405 5,105 SH   SOLE   5,105 0 0
DIGITAL RLTY TR INC COM 253868103 375 6,424 SH   SOLE   6,424 0 0
DISCOVER FINL SVCS COM 254709108 1,411 22,762 SH   SOLE   22,762 0 0
DOMINION RES INC VA NEW COM 25746U109 506 7,081 SH   SOLE   7,081 0 0
DUKE REALTY CORP COM 264411505 284 15,639 SH   SOLE   15,639 0 0
EQT CORP COM 26884L109 461 4,317 SH   SOLE   4,317 0 0
EQT MIDSTREAM PARTNERS LP UNIT LTD PARTN 26885B100 330 3,408 SH   SOLE   3,408 0 0
E TRADE FINANCIAL CORP COM 269246401 299 14,085 SH   SOLE   14,085 0 0
EXCO RESOURCES INC COM 269279402 373 63,342 SH   SOLE   63,342 0 0
EAST WEST BANCORP INC COM 27579R104 238 6,806 SH   SOLE   6,806 0 0
EATON VANCE CORP COM NON VTG 278265103 216 5,711 SH   SOLE   5,711 0 0
EBAY INC COM 278642103 221 4,409 SH   SOLE   4,409 0 0
EDWARDS LIFESCIENCES CORP COM 28176E108 283 3,300 SH   SOLE   3,300 0 0
EMERSON ELEC CO COM 291011104 420 6,336 SH   SOLE   6,336 0 0
ENCANA CORP COM 292505104 347 14,656 SH   SOLE   14,656 0 0
ENLINK MIDSTREAM PARTNERS LP COM UNIT REP LTD 29336U107 439 13,975 SH   SOLE   13,975 0 0
EQUIFAX INC COM 294429105 432 5,957 SH   SOLE   5,957 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,109 17,599 SH   SOLE   17,599 0 0
ESSEX PPTY TR INC COM 297178105 564 3,052 SH   SOLE   3,052 0 0
EXELON CORP COM 30161N101 457 12,519 SH   SOLE   12,519 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 215 3,102 SH   SOLE   3,102 0 0
EXTRA SPACE STORAGE INC COM 30225T102 293 5,503 SH   SOLE   5,503 0 0
EXXON MOBIL CORP COM 30231G102 585 5,813 SH   SOLE   5,813 0 0
FACEBOOK INC CL A 30303M102 304 4,520 SH   SOLE   4,520 0 0
FACTSET RESH SYS INC COM 303075105 242 2,010 SH   SOLE   2,010 0 0
FEDERAL REALTY INVT TR SH BEN INT 313747206 386 3,193 SH   SOLE   3,193 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 769 14,049 SH   SOLE   14,049 0 0
FIDELITY NATIONAL FINANCIAL CL A 31620R105 431 13,145 SH   SOLE   13,145 0 0
FIFTH THIRD BANCORP COM 316773100 1,381 64,669 SH   SOLE   64,669 0 0
FIRST HORIZON NATL CORP COM 320517105 133 11,229 SH   SOLE   11,229 0 0
FIRST NIAGARA FINL GP INC COM 33582V108 147 16,872 SH   SOLE   16,872 0 0
FIRST REP BK SAN FRANCISCO C COM 33616C100 359 6,532 SH   SOLE   6,532 0 0
FISERV INC COM 337738108 875 14,506 SH   SOLE   14,506 0 0
FLEETCOR TECHNOLOGIES INC COM 339041105 519 3,936 SH   SOLE   3,936 0 0
FOREST OIL CORP COM PAR $0.01 346091705 334 146,673 SH   SOLE   146,673 0 0
FRANKLIN RES INC COM 354613101 1,121 19,376 SH   SOLE   19,376 0 0
GALLAGHER ARTHUR J & CO COM 363576109 347 7,456 SH   SOLE   7,456 0 0
GAP INC DEL COM 364760108 386 9,285 SH   SOLE   9,285 0 0
GENERAL ELECTRIC CO COM 369604103 357 13,574 SH   SOLE   13,574 0 0
GENERAL GROWTH PPTYS INC NEW COM 370023103 651 27,617 SH   SOLE   27,617 0 0
GENWORTH FINL INC COM CL A 37247D106 422 24,227 SH   SOLE   24,227 0 0
GILEAD SCIENCES INC COM 375558103 394 4,756 SH   SOLE   4,756 0 0
GLOBAL PMTS INC COM 37940X102 248 3,409 SH   SOLE   3,409 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 3,648 21,788 SH   SOLE   21,788 0 0
GOODRICH PETE CORP COM 382410405 340 12,332 SH   SOLE   12,332 0 0
GOOGLE INC CL A 38259P508 370 633 SH   SOLE   633 0 0
GOOGLE INC CL C 38259P706 366 636 SH   SOLE   636 0 0
HCA HOLDINGS INC COM 40412C101 284 5,035 SH   SOLE   5,035 0 0
HCC INS HLDGS INC COM 404132102 232 4,742 SH   SOLE   4,742 0 0
HCP INC COM 40414L109 926 22,368 SH   SOLE   22,368 0 0
HALCON RES CORP COM 40537Q209 94 12,858 SH   SOLE   12,858 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 1,140 31,823 SH   SOLE   31,823 0 0
HEALTH CARE REIT INC COM 42217K106 940 14,993 SH   SOLE   14,993 0 0
HEALTHCARE TR AMER INC CL A 42225P105 136 11,263 SH   SOLE   11,263 0 0
HENRY JACK & ASSOC INC COM 426281101 238 4,013 SH   SOLE   4,013 0 0
HEWLETT PACKARD CO COM 428236103 593 17,597 SH   SOLE   17,597 0 0
HOME DEPOT INC COM 437076102 518 6,404 SH   SOLE   6,404 0 0
HOSPITALITY PPTYS TR COM SH BEN INT 44106M102 216 7,107 SH   SOLE   7,107 0 0
HOST HOTELS & RESORTS INC COM 44107P104 813 36,952 SH   SOLE   36,952 0 0
HOWARD HUGHES CORP COM 44267D107 297 1,881 SH   SOLE   1,881 0 0
HUDSON CITY BANCORP COM 443683107 253 25,740 SH   SOLE   25,740 0 0
HUNTINGTON BANCSHARES INC COM 446150104 464 48,668 SH   SOLE   48,668 0 0
INTEL CORP COM 458140100 4,404 142,509 SH   SOLE   142,509 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 1,062 5,622 SH   SOLE   5,622 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 233 1,288 SH   SOLE   1,288 0 0
ISHARES MSCI BRZ CAP ETF 464286400 2,762 57,812 SH   SOLE   57,812 0 0
ISHARES MSCI STH KOR ETF 464286772 512 7,881 SH   SOLE   7,881 0 0
ISHARES MSCI JAPAN ETF 464286848 453 37,614 SH   SOLE   37,614 0 0
ISHARES CHINA LG-CAP ETF 464287184 3,612 97,519 SH   SOLE   97,519 0 0
ISHARES CORE TOTUSBD ETF 464287226 861 7,873 SH   SOLE   7,873 0 0
ISHARES MSCI EMG MKT ETF 464287234 23,732 548,973 SH   SOLE   548,973 0 0
ISHARES LATN AMER 40 ETF 464287390 6,301 164,728 SH   SOLE   164,728 0 0
ISHARES 20+ YR TR BD ETF 464287432 5,559 48,969 SH   SOLE   48,969 0 0
ISHARES 7-10 Y TR BD ETF 464287440 672 6,492 SH   SOLE   6,492 0 0
ISHARES MSCI EAFE ETF 464287465 12,259 179,302 SH   SOLE   179,302 0 0
ISHARES RUSSELL 2000 ETF 464287655 21,402 180,137 SH   SOLE   180,137 0 0
ISHARES IBOXX HI YD ETF 464288513 26,825 281,773 SH   SOLE   281,773 0 0
ISHARES S&P GSCI COMMODITY I UNIT BEN INT 46428R107 486 14,337 SH   SOLE   14,337 0 0
JPMORGAN CHASE & CO COM 46625H100 10,646 184,761 SH   SOLE   184,761 0 0
JOHNSON & JOHNSON COM 478160104 401 3,830 SH   SOLE   3,830 0 0
JONES LANG LASALLE INC COM 48020Q107 267 2,115 SH   SOLE   2,115 0 0
KLA-TENCOR CORP COM 482480100 1,589 21,875 SH   SOLE   21,875 0 0
KEYCORP NEW COM 493267108 967 67,464 SH   SOLE   67,464 0 0
KILROY RLTY CORP COM 49427F108 243 3,902 SH   SOLE   3,902 0 0
KIMCO RLTY CORP COM 49446R109 461 20,040 SH   SOLE   20,040 0 0
LPL FINL HLDGS INC COM 50212V100 206 4,150 SH   SOLE   4,150 0 0
LAM RESEARCH CORP COM 512807108 1,312 19,413 SH   SOLE   19,413 0 0
LEGG MASON INC COM 524901105 260 5,067 SH   SOLE   5,067 0 0
LEUCADIA NATL CORP COM 527288104 470 17,923 SH   SOLE   17,923 0 0
LEXMARK INTL NEW CL A 529771107 602 12,497 SH   SOLE   12,497 0 0
LIBERTY PPTY TR SH BEN INT 531172104 266 7,010 SH   SOLE   7,010 0 0
LILLY ELI & CO COM 532457108 575 9,246 SH   SOLE   9,246 0 0
LINCOLN NATL CORP IND COM 534187109 662 12,875 SH   SOLE   12,875 0 0
LINEAR TECHNOLOGY CORP COM 535678106 1,472 31,283 SH   SOLE   31,283 0 0
LIVE NATION ENTERTAINMENT IN COM 538034109 251 10,173 SH   SOLE   10,173 0 0
LOEWS CORP COM 540424108 698 15,870 SH   SOLE   15,870 0 0
LOWES COS INC COM 548661107 228 4,741 SH   SOLE   4,741 0 0
M & T BK CORP COM 55261F104 796 6,419 SH   SOLE   6,419 0 0
MFA FINL INC COM 55272X102 143 17,402 SH   SOLE   17,402 0 0
MSCI INC COM 55354G100 254 5,539 SH   SOLE   5,539 0 0
MACERICH CO COM 554382101 910 13,629 SH   SOLE   13,629 0 0
MAGNUM HUNTER RES CORP DEL COM 55973B102 350 42,656 SH   SOLE   42,656 0 0
MARKEL CORP COM 570535104 435 663 SH   SOLE   663 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 27,320 1,032,911 SH   SOLE   1,032,911 0 0
MARKET VECTORS ETF TR RUSSIA ETF 57060U506 2,404 91,316 SH   SOLE   91,316 0 0
MARKET VECTORS ETF TR JR GOLD MINERS E 57061R544 7,549 178,638 SH   SOLE   178,638 0 0
MARSH & MCLENNAN COS INC COM 571748102 1,390 26,830 SH   SOLE   26,830 0 0
MARRIOTT INTL INC NEW CL A 571903202 420 6,554 SH   SOLE   6,554 0 0
MASCO CORP COM 574599106 234 10,532 SH   SOLE   10,532 0 0
MASTERCARD INC CL A 57636Q104 3,606 49,077 SH   SOLE   49,077 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 1,270 37,554 SH   SOLE   37,554 0 0
MERCK & CO INC NEW COM 58933Y105 229 3,956 SH   SOLE   3,956 0 0
METLIFE INC COM 59156R108 2,552 45,932 SH   SOLE   45,932 0 0
MICROSOFT CORP COM 594918104 566 13,567 SH   SOLE   13,567 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 1,171 23,981 SH   SOLE   23,981 0 0
MICRON TECHNOLOGY INC COM 595112103 4,043 122,697 SH   SOLE   122,697 0 0
MID-AMER APT CMNTYS INC COM 59522J103 260 3,560 SH   SOLE   3,560 0 0
MONDELEZ INTL INC CL A 609207105 228 6,060 SH   SOLE   6,060 0 0
MOODYS CORP COM 615369105 809 9,229 SH   SOLE   9,229 0 0
MORGAN STANLEY COM 617446448 2,415 74,694 SH   SOLE   74,694 0 0
NVR INC COM 62944T105 354 308 SH   SOLE   308 0 0
NASDAQ OMX GROUP INC COM 631103108 220 5,705 SH   SOLE   5,705 0 0
NATIONAL RETAIL PPTYS INC COM 637417106 217 5,847 SH   SOLE   5,847 0 0
NAVIENT CORP COM 63938C108 365 20,637 SH   SOLE   20,637 0 0
NETFLIX INC COM 64110L106 265 602 SH   SOLE   602 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 336 21,010 SH   SOLE   21,010 0 0
NEWFIELD EXPL CO COM 651290108 399 9,032 SH   SOLE   9,032 0 0
NOBLE ENERGY INC COM 655044105 402 5,184 SH   SOLE   5,184 0 0
NORDSTROM INC COM 655664100 282 4,151 SH   SOLE   4,151 0 0
NORTHERN TR CORP COM 665859104 740 11,524 SH   SOLE   11,524 0 0
NORTHSTAR RLTY FIN CORP COM 66704R100 303 17,426 SH   SOLE   17,426 0 0
NVIDIA CORP COM 67066G104 1,377 74,273 SH   SOLE   74,273 0 0
O REILLY AUTOMOTIVE INC NEW COM 67103H107 293 1,948 SH   SOLE   1,948 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 509 4,959 SH   SOLE   4,959 0 0
OLD REP INTL CORP COM 680223104 205 12,367 SH   SOLE   12,367 0 0
OMEGA HEALTHCARE INVS INC COM 681936100 220 5,982 SH   SOLE   5,982 0 0
ON SEMICONDUCTOR CORP COM 682189105 477 52,203 SH   SOLE   52,203 0 0
PNC FINL SVCS GROUP INC COM 693475105 2,322 26,075 SH   SOLE   26,075 0 0
PACWEST BANCORP DEL COM 695263103 209 4,837 SH   SOLE   4,837 0 0
PEOPLES UNITED FINANCIAL INC COM 712704105 230 15,141 SH   SOLE   15,141 0 0
PFIZER INC COM 717081103 256 8,635 SH   SOLE   8,635 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 404 3,779 SH   SOLE   3,779 0 0
PLUM CREEK TIMBER CO INC COM 729251108 390 8,646 SH   SOLE   8,646 0 0
POWERSHARES INDIA ETF TR INDIA PORT 73935L100 9,266 428,602 SH   SOLE   428,602 0 0
PRICE T ROWE GROUP INC COM 74144T108 1,083 12,825 SH   SOLE   12,825 0 0
PRICELINE GRP INC COM 741503403 226 188 SH   SOLE   188 0 0
PRINCIPAL FINL GROUP INC COM 74251V102 724 14,335 SH   SOLE   14,335 0 0
PROCTER & GAMBLE CO COM 742718109 288 3,663 SH   SOLE   3,663 0 0
PROGRESSIVE CORP OHIO COM 743315103 1,218 48,041 SH   SOLE   48,041 0 0
PROLOGIS INC COM 74340W103 1,002 24,394 SH   SOLE   24,394 0 0
PROTECTIVE LIFE CORP COM 743674103 259 3,742 SH   SOLE   3,742 0 0
PRUDENTIAL FINL INC COM 744320102 1,994 22,460 SH   SOLE   22,460 0 0
PUBLIC STORAGE COM 74460D109 1,202 7,013 SH   SOLE   7,013 0 0
QEP RES INC COM 74733V100 390 11,314 SH   SOLE   11,314 0 0
QUALCOMM INC COM 747525103 3,847 48,571 SH   SOLE   48,571 0 0
QUEST DIAGNOSTICS INC COM 74834L100 391 6,654 SH   SOLE   6,654 0 0
QUICKSILVER RESOURCES INC COM 74837R104 388 145,480 SH   SOLE   145,480 0 0
QUINTILES TRANSNATIO HLDGS I COM 74876Y101 273 5,132 SH   SOLE   5,132 0 0
RANGE RES CORP COM 75281A109 373 4,287 SH   SOLE   4,287 0 0
RAYMOND JAMES FINANCIAL INC COM 754730109 301 5,926 SH   SOLE   5,926 0 0
RAYONIER INC COM 754907103 213 6,003 SH   SOLE   6,003 0 0
REALOGY HLDGS CORP COM 75605Y106 262 6,936 SH   SOLE   6,936 0 0
REALTY INCOME CORP COM 756109104 467 10,511 SH   SOLE   10,511 0 0
REGENCY CTRS CORP COM 758849103 244 4,383 SH   SOLE   4,383 0 0
REGENERON PHARMACEUTICALS COM 75886F107 240 851 SH   SOLE   851 0 0
REGIONS FINL CORP NEW COM 7591EP100 715 67,319 SH   SOLE   67,319 0 0
REINSURANCE GROUP AMER INC COM 759351604 259 3,279 SH   SOLE   3,279 0 0
RETAIL PPTYS AMER INC CL A 76131V202 173 11,228 SH   SOLE   11,228 0 0
ROSS STORES INC COM 778296103 203 3,074 SH   SOLE   3,074 0 0
SEI INVESTMENTS CO COM 784117103 207 6,304 SH   SOLE   6,304 0 0
SL GREEN RLTY CORP COM 78440X101 496 4,530 SH   SOLE   4,530 0 0
SLM CORP COM 78442P106 167 20,067 SH   SOLE   20,067 0 0
SM ENERGY CO COM 78454L100 473 5,622 SH   SOLE   5,622 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 15,780 80,624 SH   SOLE   80,624 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 27,724 664,365 SH   SOLE   664,365 0 0
SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 9,462 36,314 SH   SOLE   36,314 0 0
SVB FINL GROUP COM 78486Q101 279 2,393 SH   SOLE   2,393 0 0
SANDISK CORP COM 80004C101 2,338 22,387 SH   SOLE   22,387 0 0
SANDRIDGE ENERGY INC COM 80007P307 368 51,494 SH   SOLE   51,494 0 0
SCHEIN HENRY INC COM 806407102 355 2,989 SH   SOLE   2,989 0 0
SCHLUMBERGER LTD COM 806857108 208 1,763 SH   SOLE   1,763 0 0
SCHWAB CHARLES CORP NEW COM 808513105 1,480 54,942 SH   SOLE   54,942 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 2,882 58,050 SH   SOLE   58,050 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 21,944 360,747 SH   SOLE   360,747 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 7,443 74,352 SH   SOLE   74,352 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 2,201 57,392 SH   SOLE   57,392 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 235 9,670 SH   SOLE   9,670 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 285 2,259 SH   SOLE   2,259 0 0
SIMON PPTY GROUP INC NEW COM 828806109 2,522 15,165 SH   SOLE   15,165 0 0
SIRIUS XM HLDGS INC COM 82968B103 144 41,693 SH   SOLE   41,693 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 1,054 22,443 SH   SOLE   22,443 0 0
SOUTHERN CO COM 842587107 593 13,075 SH   SOLE   13,075 0 0
SOUTHWESTERN ENERGY CO COM 845467109 377 8,290 SH   SOLE   8,290 0 0
SPIRIT RLTY CAP INC NEW COM 84860W102 669 58,929 SH   SOLE   58,929 0 0
STAPLES INC COM 855030102 170 15,657 SH   SOLE   15,657 0 0
STARBUCKS CORP COM 855244109 222 2,864 SH   SOLE   2,864 0 0
STARWOOD PPTY TR INC COM 85571B105 250 10,508 SH   SOLE   10,508 0 0
STATE STR CORP COM 857477103 1,413 21,013 SH   SOLE   21,013 0 0
STATOIL ASA SPONSORED ADR 85771P102 347 11,254 SH   SOLE   11,254 0 0
STONE ENERGY CORP COM 861642106 365 7,809 SH   SOLE   7,809 0 0
SUNEDISON INC COM 86732Y109 716 31,703 SH   SOLE   31,703 0 0
SUNTRUST BKS INC COM 867914103 1,042 26,013 SH   SOLE   26,013 0 0
SWIFT ENERGY CO COM 870738101 387 29,849 SH   SOLE   29,849 0 0
SYMANTEC CORP COM 871503108 728 31,796 SH   SOLE   31,796 0 0
TD AMERITRADE HLDG CORP COM 87236Y108 400 12,759 SH   SOLE   12,759 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 1,863 87,096 SH   SOLE   87,096 0 0
TALISMAN ENERGY INC COM 87425E103 357 33,699 SH   SOLE   33,699 0 0
TAUBMAN CTRS INC COM 876664103 228 3,003 SH   SOLE   3,003 0 0
TERADYNE INC COM 880770102 451 22,995 SH   SOLE   22,995 0 0
TESORO CORP COM 881609101 244 4,154 SH   SOLE   4,154 0 0
TEXAS INSTRS INC COM 882508104 3,854 80,642 SH   SOLE   80,642 0 0
THOMSON REUTERS CORP COM 884903105 613 16,866 SH   SOLE   16,866 0 0
TORCHMARK CORP COM 891027104 351 4,287 SH   SOLE   4,287 0 0
TOTAL SYS SVCS INC COM 891906109 497 15,836 SH   SOLE   15,836 0 0
TRAVELERS COMPANIES INC COM 89417E109 1,596 16,962 SH   SOLE   16,962 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 235 6,684 SH   SOLE   6,684 0 0
TWO HBRS INVT CORP COM 90187B101 684 65,239 SH   SOLE   65,239 0 0
UDR INC COM 902653104 342 11,934 SH   SOLE   11,934 0 0
US BANCORP DEL COM 902973304 3,639 83,992 SH   SOLE   83,992 0 0
ULTRA PETROLEUM CORP COM 903914109 449 15,127 SH   SOLE   15,127 0 0
UNITEDHEALTH GROUP INC COM 91324P102 481 5,885 SH   SOLE   5,885 0 0
UNUM GROUP COM 91529Y106 437 12,566 SH   SOLE   12,566 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 211 4,891 SH   SOLE   4,891 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 5,356 89,341 SH   SOLE   89,341 0 0
VENTAS INC COM 92276F100 921 14,368 SH   SOLE   14,368 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 2,619 14,598 SH   SOLE   14,598 0 0
VANGUARD INDEX FDS REIT ETF 922908553 5,463 72,997 SH   SOLE   72,997 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 274 5,605 SH   SOLE   5,605 0 0
VERTEX PHARMACEUTICALS INC COM 92532F100 236 2,495 SH   SOLE   2,495 0 0
VIMPELCOM LTD SPONSORED ADR 92719A106 139 16,512 SH   SOLE   16,512 0 0
VISA INC COM CL A 92826C839 5,158 24,481 SH   SOLE   24,481 0 0
VORNADO RLTY TR SH BEN INT 929042109 975 9,131 SH   SOLE   9,131 0 0
VOYA FINL INC COM 929089100 248 6,826 SH   SOLE   6,826 0 0
W P CAREY INC COM 92936U109 304 4,715 SH   SOLE   4,715 0 0
WADDELL & REED FINL INC CL A 930059100 253 4,045 SH   SOLE   4,045 0 0
WAL-MART STORES INC COM 931142103 562 7,484 SH   SOLE   7,484 0 0
WELLS FARGO & CO NEW COM 949746101 12,255 233,158 SH   SOLE   233,158 0 0
WESTERN UN CO COM 959802109 456 26,309 SH   SOLE   26,309 0 0
WEYERHAEUSER CO COM 962166104 945 28,560 SH   SOLE   28,560 0 0
XILINX INC COM 983919101 1,661 35,102 SH   SOLE   35,102 0 0
YUM BRANDS INC COM 988498101 316 3,893 SH   SOLE   3,893 0 0
ZILLOW INC CL A 98954A107 211 1,475 SH   SOLE   1,475 0 0
ZIONS BANCORPORATION COM 989701107 266 9,027 SH   SOLE   9,027 0 0
AON PLC SHS CL A G0408V102 1,305 14,483 SH   SOLE   14,483 0 0
ARCH CAP GROUP LTD ORD G0450A105 366 6,365 SH   SOLE   6,365 0 0
ASSURED GUARANTY LTD COM G0585R106 209 8,526 SH   SOLE   8,526 0 0
AXIS CAPITAL HOLDINGS LTD SHS G0692U109 226 5,115 SH   SOLE   5,115 0 0
EVEREST RE GROUP LTD COM G3223R108 351 2,188 SH   SOLE   2,188 0 0
FREESCALE SEMICONDUCTOR LTD SHS G3727Q101 842 35,812 SH   SOLE   35,812 0 0
INVESCO LTD SHS G491BT108 797 21,123 SH   SOLE   21,123 0 0
LAZARD LTD SHS A G54050102 302 5,864 SH   SOLE   5,864 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 931 64,974 SH   SOLE   64,974 0 0
PARTNERRE LTD COM G6852T105 262 2,398 SH   SOLE   2,398 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 206 1,925 SH   SOLE   1,925 0 0
XL GROUP PLC SHS G98290102 434 13,253 SH   SOLE   13,253 0 0
ACE LTD SHS H0023R105 1,710 16,486 SH   SOLE   16,486 0 0
ASML HOLDING N V N Y REGISTRY SHS N07059210 949 10,173 SH   SOLE   10,173 0 0
NXP SEMICONDUCTORS N V COM N6596X109 2,049 30,963 SH   SOLE   30,963 0 0
ROYAL CARIBBEAN CRUISES LTD COM V7780T103 311 5,587 SH   SOLE   5,587 0 0
AVAGO TECHNOLOGIES LTD SHS Y0486S104 2,071 28,741 SH   SOLE   28,741 0 0