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
Alcoa Corp Common Stock 013872106 1,040 22,200 SH   SOLE   0 0 22,200
Alliance Data Systems Corp Common Stock 018581108 1,235 5,300 SH   SOLE   0 0 5,300
Amgen Inc Common Stock 031162100 1,236 6,700 SH   SOLE   0 0 6,700
Berry Global Group Inc Common Stock 08579W103 1,153 25,100 SH   SOLE   0 0 25,100
Biogen Inc Common Stock 09062X103 1,160 4,000 SH   SOLE   0 0 4,000
Capital One Financial Corp Common Stock 14040H105 1,167 12,700 SH   SOLE   0 0 12,700
CBRE Group Inc Common Stock 12504L109 1,265 26,500 SH   SOLE   0 0 26,500
Chemours Co/The Common Stock 163851108 1,051 23,700 SH   SOLE   0 0 23,700
Cigna Corp Common Stock 125509109 1,155 6,800 SH   SOLE   0 0 6,800
Cummins Inc Common Stock 231021106 1,157 8,700 SH   SOLE   0 0 8,700
CVS Health Corp Common Stock 126650100 1,081 16,800 SH   SOLE   0 0 16,800
Delta Air Lines Inc Common Stock 247361702 1,124 22,700 SH   SOLE   0 0 22,700
Discover Financial Services Common Stock 254709108 1,080 15,340 SH   SOLE   0 0 15,340
DXC Technology Co Common Stock 23355L106 1,120 13,900 SH   SOLE   0 0 13,900
ETFS Physical Platinum Shares ETP 26922V101 12,511 154,200 SH   SOLE   0 0 154,200
Evercore Inc Common Stock 29977A105 1,138 10,800 SH   SOLE   0 0 10,800
Fiat Chrysler Automobiles NV Common Stock N31738102 993 52,600 SH   SOLE   0 0 52,600
Foot Locker Inc Common Stock 344849104 1,092 20,750 SH   SOLE   0 0 20,750
Ford Motor Co Common Stock 345370860 1,240 112,100 SH   SOLE   0 0 112,100
Freeport-McMoRan Inc Common Stock 35671D857 1,140 66,100 SH   SOLE   0 0 66,100
General Motors Co Common Stock 37045V100 1,059 26,900 SH   SOLE   0 0 26,900
Gilead Sciences Inc Common Stock 375558103 1,197 16,900 SH   SOLE   0 0 16,900
H&R Block Inc Common Stock 093671105 1,091 47,900 SH   SOLE   0 0 47,900
Halliburton Co Common Stock 406216101 1,103 24,500 SH   SOLE   0 0 24,500
Hanover Insurance Group Inc/Th Common Stock 410867105 1,159 9,700 SH   SOLE   0 0 9,700
HCA Healthcare Inc Common Stock 40412C101 1,149 11,200 SH   SOLE   0 0 11,200
Huntsman Corp Common Stock 447011107 1,092 37,400 SH   SOLE   0 0 37,400
International Business Machine Common Stock 459200101 1,117 8,000 SH   SOLE   0 0 8,000
Invesco DB Agriculture Fund ETP 46140H106 19,133 1,061,200 SH   SOLE   0 0 1,061,200
Invesco DB Base Metals Fund ETP 46140H700 8,974 510,200 SH   SOLE   0 0 510,200
Invesco S&P 500 Equal Weight E ETP 46137V357 20,989 206,000 SH   SOLE   0 0 206,000
Invesco S&P Global Water Index ETP 46138E263 15,136 451,970 SH   SOLE   0 0 451,970
Invesco Water Resources ETF ETP 46137V142 9,334 309,000 SH   SOLE   0 0 309,000
iShares Core S&P 500 ETF ETP 464287200 5,897 21,600 SH   SOLE   0 0 21,600
iShares Core S&P Mid-Cap ETF ETP 464287507 16,497 84,700 SH   SOLE   0 0 84,700
iShares Gold Trust ETP 464285105 23,026 1,915,700 SH   SOLE   0 0 1,915,700
iShares MSCI France ETF ETP 464286707 15,806 517,900 SH   SOLE   0 0 517,900
iShares MSCI Spain ETF ETP 464286764 16,279 536,400 SH   SOLE   0 0 536,400
iShares S&P 500 Growth ETF ETP 464287309 6,016 37,000 SH   SOLE   0 0 37,000
iShares S&P Mid-Cap 400 Growth ETP 464287606 6,069 27,000 SH   SOLE   0 0 27,000
iShares Silver Trust ETP 46428Q109 16,021 1,057,500 SH   SOLE   0 0 1,057,500
Jones Lang LaSalle Inc Common Stock 48020Q107 1,261 7,600 SH   SOLE   0 0 7,600
Juniper Networks Inc Common Stock 48203R104 1,184 43,200 SH   SOLE   0 0 43,200
KLA-Tencor Corp Common Stock 482480100 1,168 11,400 SH   SOLE   0 0 11,400
Lam Research Corp Common Stock 512807108 1,158 6,700 SH   SOLE   0 0 6,700
Lazard Ltd Common Stock G54050102 1,032 21,100 SH   SOLE   0 0 21,100
Louisiana-Pacific Corp Common Stock 546347105 1,162 42,700 SH   SOLE   0 0 42,700
LyondellBasell Industries NV Common Stock N53745100 1,087 9,900 SH   SOLE   0 0 9,900
Marathon Petroleum Corp Common Stock 56585A102 1,211 17,270 SH   SOLE   0 0 17,270
Michaels Cos Inc/The Common Stock 59408Q106 1,035 54,000 SH   SOLE   0 0 54,000
Micron Technology Inc Common Stock 595112103 1,311 25,000 SH   SOLE   0 0 25,000
MKS Instruments Inc Common Stock 55306N104 1,110 11,600 SH   SOLE   0 0 11,600
NCR Corp Common Stock 62886E108 980 32,700 SH   SOLE   0 0 32,700
ON Semiconductor Corp Common Stock 682189105 1,118 50,300 SH   SOLE   0 0 50,300
OneMain Holdings Inc Common Stock 68268W103 1,284 38,600 SH   SOLE   0 0 38,600
PBF Energy Inc Common Stock 69318G106 1,127 26,900 SH   SOLE   0 0 26,900
Peabody Energy Corp Common Stock 704551100 1,405 30,900 SH   SOLE   0 0 30,900
Phillips 66 Common Stock 718546104 1,145 10,200 SH   SOLE   0 0 10,200
Pilgrim's Pride Corp Common Stock 72147K108 1,213 60,300 SH   SOLE   0 0 60,300
Prudential Financial Inc Common Stock 744320102 1,122 12,000 SH   SOLE   0 0 12,000
Realogy Holdings Corp Common Stock 75605Y106 1,039 45,600 SH   SOLE   0 0 45,600
Seagate Technology PLC Common Stock G7945M107 1,150 20,380 SH   SOLE   0 0 20,380
SPDR S&P 500 ETF Trust ETP 78462F103 5,886 21,700 SH   SOLE   0 0 21,700
Synchrony Financial Common Stock 87165B103 1,181 35,400 SH   SOLE   0 0 35,400
Teradyne Inc Common Stock 880770102 1,142 30,000 SH   SOLE   0 0 30,000
Trinseo SA Common Stock L9340P101 1,255 17,700 SH   SOLE   0 0 17,700
United States Commodity Index ETP 911717106 14,606 334,100 SH   SOLE   0 0 334,100
United States Natural Gas Fund ETP 912318300 5,224 220,425 SH   SOLE   0 0 220,425
United States Oil Fund LP ETP 91232N108 12,579 835,300 SH   SOLE   0 0 835,300
United States Steel Corp Common Stock 912909108 1,209 34,800 SH   SOLE   0 0 34,800
Valero Energy Corp Common Stock 91913Y100 1,086 9,800 SH   SOLE   0 0 9,800
Vanguard Communication Service ETP 92204A884 6,046 71,200 SH   SOLE   0 0 71,200
Vanguard Financials ETF ETP 92204A405 5,807 86,100 SH   SOLE   0 0 86,100
Vanguard Information Technolog ETP 92204A702 6,040 33,300 SH   SOLE   0 0 33,300
Vanguard Mid-Cap ETF ETP 922908629 10,483 66,500 SH   SOLE   0 0 66,500
Western Digital Corp Common Stock 958102105 1,161 15,000 SH   SOLE   0 0 15,000