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 7-10 Year Treasury COM 46428744 225 2,092 SH   SOLE   2,092 0 0
iShares Barclays Agg Bond COM 46428722 1,511 13,648 SH   SOLE   13,648 0 0
iShares High Yield Corp COM 46428851 4,539 48,112 SH   SOLE   48,112 0 0
iShares iBoxx Inv Grd Corp COM 46428724 1,911 15,937 SH   SOLE   15,937 0 0
iShares Intermed. Credit COM 46428863 212 1,904 SH   SOLE   1,904 0 0
PIMCO 1-5 Year US TIPS Fd COM 72201R20 333 6,135 SH   SOLE   6,135 0 0
Powershrs Sr Loan Port COM 73936Q76 6,610 263,331 SH   SOLE   263,331 0 0