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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
SELECT SECTOR SPDR TR ETF 81369Y100 389 6,700 SH   SOLE 0 6,700 0 0
SELECT SECTOR SPDR TR ETF 81369Y209 394 4,715 SH   SOLE 0 4,715 0 0
SELECT SECTOR SPDR TR ETF 81369Y308 362 7,018 SH   SOLE 0 7,018 0 0
SELECT SECTOR SPDR TR ETF 81369Y407 1,122 10,264 SH   SOLE 0 10,264 0 0
SELECT SECTOR SPDR TR ETF 81369Y506 3,007 39,592 SH   SOLE 0 39,592 0 0
SELECT SECTOR SPDR TR ETF 81369Y605 367 13,792 SH   SOLE 0 13,792 0 0
SELECT SECTOR SPDR TR ETF 81369Y704 385 5,378 SH   SOLE 0 5,378 0 0
SELECT SECTOR SPDR TR ETF 81369Y803 662 9,532 SH   SOLE 0 9,532 0 0
SELECT SECTOR SPDR TR ETF 81369Y886 399 7,677 SH   SOLE 0 7,677 0 0
SPDR GOLD TRUST ETF 78463V107 2,587 21,800 SH   SOLE 0 21,800 0 0
DBX ETF TR ETF 233051879 398 15,000 SH   SOLE 0 15,000 0 0
SSGA ACTIVE ETF TR ETF 78467V608 9,140 194,600 SH   SOLE 0 194,600 0 0
INVESCO EXCHNG TRADED FD TR ETF 46138G508 9,121 398,300 SH   SOLE 0 398,300 0 0
DBX ETF TR ETF 233051879 531 20,000 SH Call SOLE 0 20,000 0 0
ISHARES TR ETF 464288273 21 336 SH   SOLE 0 336 0 0
ISHARES INC ETF 46434G822 23 393 SH   SOLE 0 393 0 0
ISHARES TR ETF 464287242 486 4,246 SH   SOLE 0 4,246 0 0
ISHARES TR ETF 464287465 32 480 SH   SOLE 0 480 0 0
WISDOMTREE TR ETF 97717W851 540 10,000 SH   SOLE 0 10,000 0 0
SELECT SECTOR SPDR TR ETF 81369Y100 58 1,000 SH   DFND 028-15753 1,000 0 0
SELECT SECTOR SPDR TR ETF 81369Y209 56 668 SH   DFND 028-15753 668 0 0
SELECT SECTOR SPDR TR ETF 81369Y308 61 1,191 SH   DFND 028-15753 1,191 0 0
SELECT SECTOR SPDR TR ETF 81369Y407 912 8,342 SH   DFND 028-15753 8,342 0 0
SELECT SECTOR SPDR TR ETF 81369Y506 579 7,626 SH   DFND 028-15753 7,626 0 0
SELECT SECTOR SPDR TR ETF 81369Y605 58 2,190 SH   DFND 028-15753 2,190 0 0
SELECT SECTOR SPDR TR ETF 81369Y704 62 869 SH   DFND 028-15753 869 0 0
SELECT SECTOR SPDR TR ETF 81369Y803 63 902 SH   DFND 028-15753 902 0 0
SELECT SECTOR SPDR TR ETF 81369Y886 58 1,121 SH   DFND 028-15753 1,121 0 0
SPDR GOLD TRUST ETF 78463V107 1,187 10,000 SH   DFND 028-15753 10,000 0 0
SSGA ACTIVE ETF TR ETF 78467V608 1,494 31,800 SH   DFND 028-15753 31,800 0 0
INVESCO EXCHNG TRADED FD TR ETF 46138G508 1,486 64,900 SH   DFND 028-15753 64,900 0 0
BARCLAYS BK PLC ETN 06739F119 43 2,330 SH   DFND 028-15753 2,330 0 0