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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 TR ETF 464288513 2,626 31,009 SH   SOLE 0 31,009 0 0
ISHARES TR ETF 464287242 8,840 72,026 SH   SOLE 0 72,026 0 0
ISHARES TR ETF 464287176 115 989 SH   SOLE 0 989 0 0
SELECT SECTOR SPDR TR ETF 81369Y308 2,699 48,935 SH   SOLE 0 48,935 0 0
SELECT SECTOR SPDR TR ETF 81369Y886 4,871 92,835 SH   SOLE 0 92,835 0 0
SELECT SECTOR SPDR TR ETF 81369Y209 450 6,281 SH   SOLE 0 6,281 0 0
ISHARES TR ETF 464288513 477 5,635 SH   DFND 028-15753 5,635 0 0
ISHARES TR ETF 464287242 1,606 13,088 SH   DFND 028-15753 13,088 0 0
ISHARES TR ETF 464287176 21 180 SH   DFND 028-15753 180 0 0
SELECT SECTOR SPDR TR ETF 81369Y308 490 8,892 SH   DFND 028-15753 8,892 0 0
SELECT SECTOR SPDR TR ETF 81369Y886 885 16,870 SH   DFND 028-15753 16,870 0 0
SELECT SECTOR SPDR TR ETF 81369Y209 82 1,141 SH   DFND 028-15753 1,141 0 0