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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 464287242 5,969 49,236 SH   SOLE 0 49,236 0 0
SELECT SECTOR SPDR TR ETF 81369Y100 65 1,139 SH   SOLE 0 1,139 0 0
SELECT SECTOR SPDR TR ETF 81369Y506 923 13,476 SH   SOLE 0 13,476 0 0
SELECT SECTOR SPDR TR ETF 81369Y605 406 15,697 SH   SOLE 0 15,697 0 0
SELECT SECTOR SPDR TR ETF 81369Y704 2,138 30,119 SH   SOLE 0 30,119 0 0
SELECT SECTOR SPDR TR ETF 81369Y803 26 443 SH   SOLE 0 443 0 0
SELECT SECTOR SPDR TR ETF 81369Y308 1,332 24,675 SH   SOLE 0 24,675 0 0
SELECT SECTOR SPDR TR ETF 81369Y886 1,585 29,883 SH   SOLE 0 29,883 0 0
SELECT SECTOR SPDR TR ETF 81369Y209 989 12,106 SH   SOLE 0 12,106 0 0
SELECT SECTOR SPDR TR ETF 81369Y407 1,206 13,385 SH   SOLE 0 13,385 0 0
WISDOMTREE TR ETF 97717W851 1,340 24,500 SH   SOLE 0 24,500 0 0
ISHARES TR ETF 464287242 2,890 23,843 SH   DFND 028-15753 23,843 0 0
SELECT SECTOR SPDR TR ETF 81369Y100 38 661 SH   DFND 028-15753 661 0 0
SELECT SECTOR SPDR TR ETF 81369Y506 536 7,824 SH   DFND 028-15753 7,824 0 0
SELECT SECTOR SPDR TR ETF 81369Y605 235 9,103 SH   DFND 028-15753 9,103 0 0
SELECT SECTOR SPDR TR ETF 81369Y704 1,241 17,481 SH   DFND 028-15753 17,481 0 0
SELECT SECTOR SPDR TR ETF 81369Y803 15 257 SH   DFND 028-15753 257 0 0
SELECT SECTOR SPDR TR ETF 81369Y308 773 14,316 SH   DFND 028-15753 14,316 0 0
SELECT SECTOR SPDR TR ETF 81369Y886 919 17,330 SH   DFND 028-15753 17,330 0 0
SELECT SECTOR SPDR TR ETF 81369Y209 574 7,029 SH   DFND 028-15753 7,029 0 0
SELECT SECTOR SPDR TR ETF 81369Y407 686 7,615 SH   DFND 028-15753 7,615 0 0