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 332 5,737 SH   SOLE 0 5,737 0 0
SELECT SECTOR SPDR TR ETF 81369Y209 5,552 58,346 SH   SOLE 0 58,346 0 0
SELECT SECTOR SPDR TR ETF 81369Y308 329 6,109 SH   SOLE 0 6,109 0 0
SELECT SECTOR SPDR TR ETF 81369Y407 3,903 33,297 SH   SOLE 0 33,297 0 0
SELECT SECTOR SPDR TR ETF 81369Y506 339 4,476 SH   SOLE 0 4,476 0 0
SELECT SECTOR SPDR TR ETF 81369Y605 330 11,981 SH   SOLE 0 11,981 0 0
SELECT SECTOR SPDR TR ETF 81369Y704 343 4,374 SH   SOLE 0 4,374 0 0
SELECT SECTOR SPDR TR ETF 81369Y803 2,790 37,032 SH   SOLE 0 37,032 0 0
SELECT SECTOR SPDR TR ETF 81369Y886 341 6,476 SH   SOLE 0 6,476 0 0
WISDOMTREE TR ETF 97717W851 1,646 28,400 SH   SOLE 0 28,400 0 0
SPDR GOLD TRUST ETF 78463V107 2,436 21,600 SH   SOLE 0 21,600 0 0
DBX ETF TR ETF 233051879 380 15,000 SH   SOLE 0 15,000 0 0
SSGA ACTIVE ETF TR ETF 78467V608 8,012 169,200 SH   SOLE 0 169,200 0 0
INVESCO EXCHNG TRADED FD TR ETF 46138G508 8,026 346,400 SH   SOLE 0 346,400 0 0
SELECT SECTOR SPDR TR ETF 81369Y506 260 3,428 SH   DFND 028-15753 3,428 0 0
SELECT SECTOR SPDR TR ETF 81369Y704 68 869 SH   DFND 028-15753 869 0 0
SELECT SECTOR SPDR TR ETF 81369Y605 60 2,190 SH   DFND 028-15753 2,190 0 0
SELECT SECTOR SPDR TR ETF 81369Y407 63 541 SH   DFND 028-15753 541 0 0
SELECT SECTOR SPDR TR ETF 81369Y308 64 1,191 SH   DFND 028-15753 1,191 0 0
SELECT SECTOR SPDR TR ETF 81369Y209 1,007 10,584 SH   DFND 028-15753 10,584 0 0
SELECT SECTOR SPDR TR ETF 81369Y100 58 1,000 SH   DFND 028-15753 1,000 0 0
SELECT SECTOR SPDR TR ETF 81369Y886 100 1,908 SH   DFND 028-15753 1,908 0 0
SELECT SECTOR SPDR TR ETF 81369Y803 595 7,904 SH   DFND 028-15753 7,904 0 0
SPDR GOLD TRUST ETF 78463V107 1,128 10,000 SH   DFND 028-15753 10,000 0 0
BARCLAYS BK PLC ETF 06739F119 35 2,330 SH   DFND 028-15753 2,330 0 0
SSGA ACTIVE ETF TR ETF 46138G508 3,499 151,032 SH   DFND 028-15753 151,032 0 0
INVESCO EXCHNG TRADED FD TR ETF 78467V608 3,501 73,946 SH   DFND 028-15753 73,946 0 0