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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 4,966 56,907 SH   SOLE 0 56,907 0 0
ISHARES TR ETF 464287242 21,073 171,074 SH   SOLE 0 171,074 0 0
ISHARES TR ETF 464287176 99 849 SH   SOLE 0 849 0 0
SELECT SECTOR SPDR TR ETF 81369Y605 8 416 SH   SOLE 0 416 0 0
SELECT SECTOR SPDR TR ETF 81369Y803 1,709 35,776 SH   SOLE 0 35,776 0 0
SELECT SECTOR SPDR TR ETF 81369Y308 10,409 195,620 SH   SOLE 0 195,620 0 0
SELECT SECTOR SPDR TR ETF 81369Y886 1,268 25,891 SH   SOLE 0 25,891 0 0
SELECT SECTOR SPDR TR ETF 81369Y209 6,290 87,229 SH   SOLE 0 87,229 0 0
SELECT SECTOR SPDR TR ETF 81369Y407 2,085 26,050 SH   SOLE 0 26,050 0 0
ISHARES TR ETF 464288513 905 10,377 SH   DFND 028-15753 10,377 0 0
ISHARES TR ETF 464287242 3,843 31,195 SH   DFND 028-15753 31,195 0 0
ISHARES TR ETF 464287176 18 155 SH   DFND 028-15753 155 0 0
SELECT SECTOR SPDR TR ETF 81369Y605 1 76 SH   DFND 028-15753 76 0 0
SELECT SECTOR SPDR TR ETF 81369Y803 312 6,524 SH   DFND 028-15753 6,524 0 0
SELECT SECTOR SPDR TR ETF 81369Y308 1,898 35,671 SH   DFND 028-15753 35,671 0 0
SELECT SECTOR SPDR TR ETF 81369Y886 231 4,721 SH   DFND 028-15753 4,721 0 0
SELECT SECTOR SPDR TR ETF 81369Y209 1,147 15,906 SH   DFND 028-15753 15,906 0 0
SELECT SECTOR SPDR TR ETF 81369Y407 380 4,750 SH   DFND 028-15753 4,750 0 0