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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
INVESCO EXCH TRADED FD TR II SOLAR ETF 46138G706   641,872 8,800 SH   SOLE   8,800 0 0
INVESCO EXCH TRADED FD TR II SR LN ETF 46138G508   4,487,858 218,600 SH   SOLE   218,600 0 0
ISHARES TR IBOXX HI YD ETF 464288513   382,876 5,200 SH   SOLE   5,200 0 0
ISHARES TR S&P 500 GRWT ETF 464287309   1,035,450 17,700 SH   SOLE   17,700 0 0
ISHARES TR S&P 500 VAL ETF 464287408   3,445,558 23,751 SH   SOLE   23,751 0 0
ISHARES TR U.S. REAL ES ETF 464287739   867,157 10,300 SH   SOLE   10,300 0 0
KRANESHARES TR GLOBAL CARB STRA 500767678   736,694 20,200 SH   SOLE   20,200 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209   16,560,115 121,900 SH   SOLE   121,900 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704   16,469,817 167,700 SH   SOLE   167,700 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605   687,420 20,100 SH   SOLE   20,100 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308   10,161,165 136,300 SH   SOLE   136,300 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886   5,823,300 82,600 SH   SOLE   82,600 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506   11,895,920 136,000 SH   SOLE   136,000 0 0
SPDR SER TR BLOOMBERG HIGH Y 78468R622   216,000 2,400 SH   SOLE   2,400 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409   443,922 5,904 SH   SOLE   5,904 0 0