#	Holding	Value	% Port.	Δ Shares	Change (QoQ)
1	State Street Spdr S&P Etf Trust	$5136925	39.25%	—	Held
2	Ishares Msci Chile Etf Inc	$3432771	26.23%	—	Held
3	Ishares Latin America Etf Trust	$2421898	18.50%	—	Held
4	Ishares Msci Japan Etf Inc	$950447	7.26%	—	Held
5	Ishares Europe Etf	$692016	5.29%	—	Held
6	Ishares Msci Pacific Ex Japan Etf	$455163	3.48%	—	Held

Holdings disclosed quarterly to the SEC on Form 13-F and may be up to 45 days old. Values as reported. For research only — not investment advice.