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   25,411 668,700 SH Put SOLE   0 0 668,700
iShares MSCI EAFE ETF EFA 464287465   29,426 443,900 SH   SOLE   0 0 443,900
iShares MSCI EAFE ETF EFA Call 464287905   240 3,200 SH Call SOLE   0 0 3,200
iShares MSCI EAFE ETF EFA Put 464287955   29,608 447,300 SH Put SOLE   0 0 447,300
SPDR Gold Trust GLD 78463V107   3,615 22,300 SH   SOLE   0 0 22,300
SPDR Gold Trust GLD Put 78463V957   3,680 22,300 SH Put SOLE   0 0 22,300
ishares ETF - CORE MSCI EMKT IEMG 46434G103   24,887 533,600 SH   SOLE   0 0 533,600
IShares ETF-Rus2000 IWM 464287655   35,896 195,546 SH   SOLE   0 0 195,546
IShares ETF-Rus2000 IWM Put 464287955   262 1,500 SH Put SOLE   0 0 1,500
SPDR S&P 500 ETF TR SPY 78462F103   451,024 1,131,010 SH   SOLE   0 0 1,131,010
SPDR S&P 500 ETF TR SPY Call 78462F903   204,204 468,500 SH Call SOLE   0 0 468,500
SPDR S&P 500 ETF TR SPY Put 78462F953   949,520 2,444,400 SH Put SOLE   0 0 2,444,400
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   20,310 249,579 SH   SOLE   0 0 249,579
SELECT SECTOR SPDR TR XLC 81369Y852   53,225 1,072,213 SH   SOLE   0 0 1,072,213
SELECT SECTOR SPDR TR XLE 81369Y506   38,188 424,458 SH   SOLE   0 0 424,458
SELECT SECTOR SPDR TR XLF 81369Y605   109,134 3,051,433 SH   SOLE   0 0 3,051,433
SELECT SECTOR SPDR TR XLI 81369Y704   65,498 652,175 SH   SOLE   0 0 652,175
SELECT SECTOR SPDR TR XLK 81369Y803   173,319 1,315,013 SH   SOLE   0 0 1,315,013
SELECT SECTOR SPDR TR XLP 81369Y308   56,325 738,938 SH   SOLE   0 0 738,938
SELECT SECTOR SPDR TR XLRE 81369Y860   20,029 522,072 SH   SOLE   0 0 522,072
SELECT SECTOR SPDR TR XLU 81369Y886   22,727 322,821 SH   SOLE   0 0 322,821
SELECT SECTOR SPDR TR XLV 81369Y209   114,215 835,763 SH   SOLE   0 0 835,763
SELECT SECTOR SPDR TR XLY 81369Y407   73,666 515,615 SH   SOLE   0 0 515,615