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
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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
iShares Expanded Tech-Software Sector ETF USD Class COM 464287515   23,841 225,576 SH   SOLE   225,576 0 0
iShares U.S. Home Construction ETF USD Class COM 464288752   61,973 643,542 SH   SOLE   643,542 0 0
VanEck Semiconductor ETF USD Class COM 92189F676   24,433 67,846 SH   SOLE   67,846 0 0
State Street Materials Select Sector SPDR ETF USD Class COM 81369Y100   72,742 1,604,016 SH   SOLE   1,604,016 0 0
State Street Communication Services Select Sector SPDR ETF COM 81369Y852   367,760 3,124,023 SH   SOLE   3,124,023 0 0
State Street Financial Select Sector SPDR ETF USD Class COM 81369Y605   411,403 7,511,470 SH   SOLE   7,511,470 0 0
State Street Technology Select Sector SPDR ETF USD Class COM 81369Y803   792,761 5,506,430 SH   SOLE   5,506,430 0 0
State Street Health Care Select Sector SPDR ETF USD Class COM 81369Y209   442,461 2,858,277 SH   SOLE   2,858,277 0 0
State Street Consumer Discretionary Select Sector SPDR ETF COM 81369Y407   248,293 2,079,334 SH   SOLE   2,079,334 0 0
iShares MSCI Indonesia ETF USD Class COM 46429B309   8,366 447,355 SH   SOLE   447,355 0 0
Franklin FTSE Canada ETF USD Class COM 35473P827   4,271 88,435 SH   SOLE   88,435 0 0
Franklin FTSE China ETF COM 35473P819   4,716 198,158 SH   SOLE   198,158 0 0
iShares Core MSCI International Developed Markets ETF COM 46435G326   66,758 809,383 SH   SOLE   809,383 0 0
iShares Core MSCI Emerging Markets ETF USD Class COM 46434G103   28,159 418,908 SH   SOLE   418,908 0 0
KraneShares CSI China Internet ETF COM 500767306   10,065 295,593 SH   SOLE   295,593 0 0
SPDR Portfolio Emerging Markets ETF USD Class COM 78463X509   11,662 249,130 SH   SOLE   249,130 0 0
State Street SPDR Portfolio Europe ETF COM 78463X103   21,054 403,872 SH   SOLE   403,872 0 0
Vanguard FTSE Pacific ETF COM 922042866   9,488 104,961 SH   SOLE   104,961 0 0
ACV Auctions Inc. COM 00091G104   659 82,215 SH   SOLE   82,215 0 0
Analog Devices Inc. COM 032654105   1,062 3,915 SH   SOLE   3,915 0 0
Astera Labs Inc. COM 04626A103   3,126 18,792 SH   SOLE   18,792 0 0
Ambarella Inc. COM G037AX101   1,220 17,226 SH   SOLE   17,226 0 0
Advanced Micro Devices Inc. COM 007903107   1,845 8,613 SH   SOLE   8,613 0 0
AppLovin Corporation COM 03831W108   2,110 3,132 SH   SOLE   3,132 0 0
Argenx S.E. COM 04016X101   2,634 3,132 SH   SOLE   3,132 0 0
ASML Holding N.V. COM N07059210   838 783 SH   SOLE   783 0 0
Ascendis Pharma A/S COM 04351P101   2,338 10,962 SH   SOLE   10,962 0 0
ATS Corporation COM 00217Y104   819 29,754 SH   SOLE   29,754 0 0
AeroVironment Inc. COM 008073108   2,273 9,396 SH   SOLE   9,396 0 0
Broadcom Inc. COM 11135F101   4,336 12,528 SH   SOLE   12,528 0 0
Bridgebio Pharma Inc. COM 10806X102   2,336 30,537 SH   SOLE   30,537 0 0
Coherent Corporation COM 19247G107   3,035 16,443 SH   SOLE   16,443 0 0
Core Scientific Inc. COM 21874A106   2,143 147,204 SH   SOLE   147,204 0 0
Circle Internet Group Inc. COM 172573107   497 6,264 SH   SOLE   6,264 0 0
Credo Technology Group Holding Ltd. COM G25457105   3,267 22,707 SH   SOLE   22,707 0 0
CRISPR Therapeutics A.G. COM H17182108   944 18,009 SH   SOLE   18,009 0 0
Crowdstrike Holdings Inc. COM 22788C105   3,670 7,829 SH   SOLE   7,829 0 0
CoreWeave Inc. COM 21873S108   1,234 17,226 SH   SOLE   17,226 0 0
Cisco Systems Inc. COM 17275R102   965 12,528 SH   SOLE   12,528 0 0
CoStar Group Inc. COM 22160N109   1,158 17,226 SH   SOLE   17,226 0 0
Carvana Company COM 146869102   2,313 5,481 SH   SOLE   5,481 0 0
CyberArk Software Ltd. COM M2682V108   2,096 4,698 SH   SOLE   4,698 0 0
Datadog Inc. COM 23804L103   1,597 11,745 SH   SOLE   11,745 0 0
Deere & Company COM 244199105   729 1,566 SH   SOLE   1,566 0 0
DraftKings Inc. COM 26142V105   971 28,188 SH   SOLE   28,188 0 0
Dlocal Ltd./Uruguay COM G29018101   2,535 179,307 SH   SOLE   179,307 0 0
eBay Inc. COM 278642103   1,159 13,311 SH   SOLE   13,311 0 0
Emerson Electric Company COM 291011104   624 4,698 SH   SOLE   4,698 0 0
Flutter Entertainment plc COM G3643J108   1,347 6,264 SH   SOLE   6,264 0 0
fuboTV Inc. COM 35953D104   1,760 698,436 SH   SOLE   698,436 0 0
Gen Digital Inc. COM 668771108   2,278 83,781 SH   SOLE   83,781 0 0
Genius Sports Ltd. COM G3934V109   1,803 163,647 SH   SOLE   163,647 0 0
Guardant Health Inc. COM 40131M109   2,719 26,622 SH   SOLE   26,622 0 0
Global-e Online Ltd. COM M5216V106   2,062 52,461 SH   SOLE   52,461 0 0
Galaxy Digital Inc. COM 36317J209   1,593 71,253 SH   SOLE   71,253 0 0
Globus Medical Inc. COM 379577208   1,846 21,141 SH   SOLE   21,141 0 0
Gitlab Inc. COM 37637K108   1,264 33,669 SH   SOLE   33,669 0 0
Guidewire Software Inc. COM 40171V100   1,417 7,047 SH   SOLE   7,047 0 0
Hesai Group COM 428050108   1,123 50,112 SH   SOLE   50,112 0 0
HUYA Inc. COM 44852D108   1,326 460,404 SH   SOLE   460,404 0 0
International Business Machines Corporation COM 459200101   696 2,349 SH   SOLE   2,349 0 0
Insmed Inc. COM 457669307   2,317 13,311 SH   SOLE   13,311 0 0
Intuit Inc. COM 461202103   1,556 2,349 SH   SOLE   2,349 0 0
IonQ Inc. COM 46222L108   1,195 26,622 SH   SOLE   26,622 0 0
JBT Marel Corporation COM 477839104   1,062 7,047 SH   SOLE   7,047 0 0
JD.com Inc. COM 47215P106   1,348 46,980 SH   SOLE   46,980 0 0
Krystal Biotech Inc. COM 501147102   2,510 10,179 SH   SOLE   10,179 0 0
Kaspi.KZ JSC COM 48581R205   1,958 25,056 SH   SOLE   25,056 0 0
Legend Biotech Corporation COM 52490G102   579 26,622 SH   SOLE   26,622 0 0
Lam Research Corporation COM 512807306   2,011 11,745 SH   SOLE   11,745 0 0
MARA Holdings Inc. COM 565788106   851 94,743 SH   SOLE   94,743 0 0
MercadoLibre Inc. COM 58733R102   1,577 783 SH   SOLE   783 0 0
Microsoft Corporation COM 594918104   2,651 5,481 SH   SOLE   5,481 0 0
Micron Technology Inc. COM 595112103   3,576 12,528 SH   SOLE   12,528 0 0
Nebius Group N.V. COM N97284108   3,867 46,197 SH   SOLE   46,197 0 0
Neurocrine Biosciences Inc. COM 64125C109   1,111 7,830 SH   SOLE   7,830 0 0
Cloudflare Inc. COM 18915M107   8,336 42,281 SH   SOLE   42,281 0 0
Netflix Inc. COM 64110L106   721 7,695 SH   SOLE   7,695 0 0
Nokia OYJ COM 654902204   1,743 269,352 SH   SOLE   269,352 0 0
Natera Inc. COM 632307104   2,153 9,396 SH   SOLE   9,396 0 0
NU Holdings Ltd./Cayman Islands COM G6683N103   1,625 97,092 SH   SOLE   97,092 0 0
NVIDIA Corporation COM 67066G104   7,594 40,716 SH   SOLE   40,716 0 0
Oddity Tech Ltd. COM M7518J104   1,007 25,056 SH   SOLE   25,056 0 0
Oracle Corporation COM 68389X105   4,731 24,273 SH   SOLE   24,273 0 0
Ouster Inc. COM 68989M202   1,186 54,810 SH   SOLE   54,810 0 0
Pegasystems Inc. COM 705573103   1,169 19,575 SH   SOLE   19,575 0 0
Pagaya Technologies Ltd. COM M7S64L123   1,506 72,036 SH   SOLE   72,036 0 0
Palantir Technologies Inc. COM 69608A108   1,809 10,179 SH   SOLE   10,179 0 0
Insulet Corporation COM 45784P101   1,558 5,481 SH   SOLE   5,481 0 0
PROCEPT BioRobotics Corporation COM 74276L105   936 29,754 SH   SOLE   29,754 0 0
D-Wave Quantum Inc. COM 26740W109   1,822 69,687 SH   SOLE   69,687 0 0
Quantum Computing Inc. COM 74766W108   675 65,772 SH   SOLE   65,772 0 0
ROBLOX Corporation COM 771049103   1,903 23,490 SH   SOLE   23,490 0 0
Rubrik Inc. COM 781154109   4,671 61,074 SH   SOLE   61,074 0 0
Remitly Global Inc. COM 75960P104   1,329 96,309 SH   SOLE   96,309 0 0
Rigetti Computing Inc. COM 76655K103   1,422 64,206 SH   SOLE   64,206 0 0
Rumble Inc. COM 78137L105   856 135,459 SH   SOLE   135,459 0 0
SentinelOne Inc. COM 81730H109   1,233 82,215 SH   SOLE   82,215 0 0
SailPoint Inc. COM 78781J109   2,075 102,573 SH   SOLE   102,573 0 0
Sea Ltd. COM 81141R100   3,097 24,273 SH   SOLE   24,273 0 0
Serve Robotics Inc. COM 81758H106   1,731 166,779 SH   SOLE   166,779 0 0
Sezzle Inc. COM 78435P105   447 7,046 SH   SOLE   7,046 0 0
Super Group SGHC Ltd. COM G8588X103   1,198 100,224 SH   SOLE   100,224 0 0
Shopify Inc. COM 82509L107   2,521 15,660 SH   SOLE   15,660 0 0
Siemens Healthineers A.G. COM 82622J104   904 34,452 SH   SOLE   34,452 0 0
Snowflake Inc. Common Stock COM 833445109   4,122 18,792 SH   SOLE   18,792 0 0
SoFi Technologies Inc. COM 83406F102   2,480 94,743 SH   SOLE   94,743 0 0
SoundHound AI Inc. COM 836100107   898 90,045 SH   SOLE   90,045 0 0
Spotify Technology S.A. COM L8681T102   909 1,566 SH   SOLE   1,566 0 0
Trip.com Group Ltd. COM 89677Q107   1,295 18,009 SH   SOLE   18,009 0 0
Tempus AI Inc. COM 88023B103   1,572 26,622 SH   SOLE   26,622 0 0
Tencent Music Entertainment Group COM 88034P109   947 54,027 SH   SOLE   54,027 0 0
Toast Inc. COM 888787108   1,029 28,971 SH   SOLE   28,971 0 0
State Street Sweep COM 857492888   648 647,502 SH   SOLE   647,502 0 0
Take-Two Interactive Software Inc. COM 874054109   2,205 8,613 SH   SOLE   8,613 0 0
Upstart Holdings Inc. COM 91680M107   1,027 23,490 SH   SOLE   23,490 0 0
Veeva Systems Inc. COM 922475108   1,224 5,481 SH   SOLE   5,481 0 0
Vnet Group Inc. COM 90138A103   1,550 183,222 SH   SOLE   183,222 0 0
VTEX COM G9470A102   857 227,853 SH   SOLE   227,853 0 0
GeneDx Holdings Corporation COM 81663L200   2,037 15,660 SH   SOLE   15,660 0 0
WeRide Inc. COM 950915108   931 107,271 SH   SOLE   107,271 0 0
XPeng Inc. COM 98422D105   2,334 115,101 SH   SOLE   115,101 0 0
Zimmer Biomet Holdings Inc. COM 98956P102   986 10,962 SH   SOLE   10,962 0 0
Zscaler Inc. COM 98980G102   2,818 12,527 SH   SOLE   12,527 0 0