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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
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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 S&P 500 VAL ETF 464287408 2,234 16,251 SH   SOLE   16,251 0 0
ISHARES TR S&P 500 GRWT ETF 464287309 739 12,244 SH   SOLE   12,244 0 0
ISHARES TR MSCI SAUDI ARBIA 46434V423 907 21,915 SH   SOLE   21,915 0 0
ISHARES TR SELECT DIVID ETF 464287168 682 5,800 SH   SOLE   5,800 0 0
KRANESHARES TR GLOBAL CARB STRA 500767678 558 11,333 SH   SOLE   11,333 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 13,837 197,300 SH   SOLE   197,300 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 8,741 121,100 SH   SOLE   121,100 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 8,088 113,100 SH   SOLE   113,100 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 483 3,800 SH   SOLE   3,800 0 0