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
WISDOMTREE TR JAPAN HDG FINL 97717W463 1,030 24,000 SH   DFND 1 24,000 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 2,173 82,205 SH   DFND 1 82,205 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 4,774 38,000 SH   DFND 1 38,000 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 1,729 95,000 SH   DFND 1 95,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 595 9,000 SH Call DFND 1 9,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 1,799 20,000 SH Call DFND 1 20,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 1,977 20,000 SH Put DFND 1 20,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 1,737 14,500 SH Call DFND 1 14,500 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 200 2,625 SH Call DFND 1 2,625 0 0
ISHARES TR CHINA LG-CAP ETF 464287184 3,636 33,000 SH Call DFND 1 33,000 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 417 3,000 SH Put DFND 1 3,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 172 10,000 SH Call DFND 1 10,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 559 10,000 SH Put DFND 1 10,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 435 10,000 SH Put DFND 1 10,000 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 329 10,000 SH Call DFND 1 10,000 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 488 10,000 SH Put DFND 1 10,000 0 0