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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
iShares MSCI Emerging Markets Indx ETF EEM 464287234   500 13,200 SH   SOLE   0 0 13,200
iShares MSCI Emerging Markets Indx ETF EEM Put 464287954   25,076 659,900 SH Put SOLE   0 0 659,900
iShares MSCI EAFE ETF EFA 464287465   28,896 435,900 SH   SOLE   0 0 435,900
iShares MSCI EAFE ETF EFA Call 464287905   210 2,800 SH Call SOLE   0 0 2,800
iShares MSCI EAFE ETF EFA Put 464287955   29,036 438,500 SH Put SOLE   0 0 438,500
SPDR Gold Trust GLD 78463V107   3,567 22,000 SH   SOLE   0 0 22,000
SPDR Gold Trust GLD Put 78463V957   3,630 22,000 SH Put SOLE   0 0 22,000
ishares ETF - CORE MSCI EMKT IEMG 46434G103   24,551 526,400 SH   SOLE   0 0 526,400
IShares ETF-Rus2000 IWM 464287655   34,244 186,547 SH   SOLE   0 0 186,547
IShares ETF-Rus2000 IWM Put 464287955   262 1,500 SH Put SOLE   0 0 1,500
SPDR S&P 500 ETF TR SPY 78462F103   426,196 1,068,750 SH   SOLE   0 0 1,068,750
SPDR S&P 500 ETF TR SPY Call 78462F903   142,434 312,800 SH Call SOLE   0 0 312,800
SPDR S&P 500 ETF TR SPY Put 78462F953   830,955 2,119,000 SH Put SOLE   0 0 2,119,000
IShares ETF-20yr TLT 464287432   496 4,800 SH   SOLE   0 0 4,800
IShares ETF-20yr TLT Put 464287952   504 4,800 SH Put SOLE   0 0 4,800
SELECT SECTOR SPDR TR XLB 81369Y100   18,639 229,039 SH   SOLE   0 0 229,039
SELECT SECTOR SPDR TR XLC 81369Y852   49,000 987,102 SH   SOLE   0 0 987,102
SELECT SECTOR SPDR TR XLE 81369Y506   34,786 386,640 SH   SOLE   0 0 386,640
SELECT SECTOR SPDR TR XLF 81369Y605   100,079 2,798,246 SH   SOLE   0 0 2,798,246
SELECT SECTOR SPDR TR XLI 81369Y704   60,226 599,678 SH   SOLE   0 0 599,678
SELECT SECTOR SPDR TR XLK 81369Y803   161,798 1,227,604 SH   SOLE   0 0 1,227,604
SELECT SECTOR SPDR TR XLP 81369Y308   51,845 680,163 SH   SOLE   0 0 680,163
SELECT SECTOR SPDR TR XLRE 81369Y860   18,802 490,082 SH   SOLE   0 0 490,082
SELECT SECTOR SPDR TR XLU 81369Y886   20,989 298,142 SH   SOLE   0 0 298,142
SELECT SECTOR SPDR TR XLV 81369Y209   104,843 767,183 SH   SOLE   0 0 767,183
SELECT SECTOR SPDR TR XLY 81369Y407   67,948 475,594 SH   SOLE   0 0 475,594