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
iShares Nasdaq Biotechnology ETF COM 464287556 18,547 122,430 SH   SOLE   122,430 0 0
iShares U.S. Home Construction ETF COM 464288752 42,025 753,130 SH   SOLE   753,130 0 0
iShares Russell 2000 ETF COM 464287655 38,545 196,600 SH   SOLE   196,600 0 0
Invesco S&P SmallCap Information Technology ETF COM 46138E115 40,404 330,190 SH   SOLE   330,190 0 0
Invesco QQQ Trust Series 1 COM 46090E103 69,839 222,600 SH   SOLE   222,600 0 0
Schwab U.S. Large-Cap Value ETF COM 808524409 35,558 597,310 SH   SOLE   597,310 0 0
VanEck Vectors Semiconductor ETF COM 92189F676 23,500 107,590 SH   SOLE   107,590 0 0
iShares MSCI USA Value Factor ETF COM 46432F388 48,043 552,790 SH   SOLE   552,790 0 0
SPDR S&P Biotech ETF COM 78464A870 28,726 204,050 SH   SOLE   204,050 0 0
SPDR S&P Homebuilders ETF COM 78464A888 31,435 545,370 SH   SOLE   545,370 0 0
Financial Select Sector SPDR Fund COM 81369Y605 68,302 2,316,895 SH   SOLE   2,316,895 0 0
Technology Select Sector SPDR Fund COM 81369Y803 94,063 723,450 SH   SOLE   723,450 0 0
Health Care Select Sector SPDR Fund COM 81369Y209 66,075 582,470 SH   SOLE   582,470 0 0
Consumer Discretionary Select Sector SPDR Fund COM 81369Y407 34,000 211,470 SH   SOLE   211,470 0 0