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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Invesco Nasdaq 100 ETF USD Class COM 46138G649   178,949 590,648 SH   SOLE   590,648 0 0
State Street Materials Select Sector SPDR ETF USD Class COM 81369Y100   108,530 2,135,161 SH   SOLE   2,135,161 0 0
State Street Energy Select Sector SPDR ETF USD Class COM 81369Y506   98,458 1,853,850 SH   SOLE   1,853,850 0 0
State Street Financial Select Sector SPDR ETF USD Class COM 81369Y605   509,928 9,511,811 SH   SOLE   9,511,811 0 0
State Street Industrial Select Sector SPDR ETF USD Class COM 81369Y704   352,814 1,904,735 SH   SOLE   1,904,735 0 0
State Street Technology Select Sector SPDR ETF USD Class COM 81369Y803   1,148,244 6,026,894 SH   SOLE   6,026,894 0 0
State Street Utilities Select Sector SPDR ETF USD Class COM 81369Y886   169,544 3,739,385 SH   SOLE   3,739,385 0 0
State Street Consumer Discretionary Select Sector SPDR ETF COM 81369Y407   251,157 2,141,512 SH   SOLE   2,141,512 0 0
iShares MSCI South Africa ETF USD Class COM 464286780   5,120 81,024 SH   SOLE   81,024 0 0
Franklin FTSE Canada ETF USD Class COM 35473P827   5,825 113,169 SH   SOLE   113,169 0 0
iShares Core MSCI International Developed Markets ETF COM 46435G326   86,469 971,458 SH   SOLE   971,458 0 0
iShares Core MSCI Emerging Markets ETF USD Class COM 46434G103   46,729 564,085 SH   SOLE   564,085 0 0
iShares Latin America 40 ETF COM 464287390   23,152 685,980 SH   SOLE   685,980 0 0
SPDR Portfolio Emerging Markets ETF USD Class COM 78463X509   16,510 318,850 SH   SOLE   318,850 0 0
State Street SPDR Portfolio Europe ETF COM 78463X103   28,368 516,918 SH   SOLE   516,918 0 0
Vanguard FTSE Pacific ETF COM 922042866   19,406 167,739 SH   SOLE   167,739 0 0
Agilent Technologies Inc. COM 00846U101   1,181 8,888 SH   SOLE   8,888 0 0
Alcoa Corporation COM 013872106   1,231 23,618 SH   SOLE   23,618 0 0
AAON Inc. COM 000360206   5,462 43,054 SH   SOLE   43,054 0 0
Analog Devices Inc. COM 032654105   2,254 5,676 SH   SOLE   5,676 0 0
Autodesk Inc. COM 052769106   3,000 15,428 SH   SOLE   15,428 0 0
Advanced Energy Industries Inc. COM 007973100   3,946 10,582 SH   SOLE   10,582 0 0
Almonty Industries Inc. COM 020398707   1,320 79,736 SH   SOLE   79,736 0 0
Advanced Micro Devices Inc. COM 007903107   5,639 9,708 SH   SOLE   9,708 0 0
AeroVironment Inc. COM 008073108   1,066 6,457 SH   SOLE   6,457 0 0
Axon Enterprise Inc. COM 05464C101   2,732 4,873 SH   SOLE   4,873 0 0
BlackBerry Ltd. COM 09228F103   5,140 406,287 SH   SOLE   406,287 0 0
Bentley Systems Inc. COM 08265T208   3,562 119,166 SH   SOLE   119,166 0 0
BWX Technologies Inc. COM 05605H100   2,529 12,993 SH   SOLE   12,993 0 0
CACI International Inc. COM 127190304   753 1,626 SH   SOLE   1,626 0 0
CAE Inc. COM 124765108   773 30,854 SH   SOLE   30,854 0 0
Constellation Energy Corporation COM 21037T109   1,926 7,753 SH   SOLE   7,753 0 0
Century Aluminum Company COM 156431108   1,535 33,363 SH   SOLE   33,363 0 0
Ciena Corporation COM 171779309   3,183 6,489 SH   SOLE   6,489 0 0
Crane Company COM 224408104   1,983 8,888 SH   SOLE   8,888 0 0
Crowdstrike Holdings Inc. COM 22788C105   6,236 8,172 SH   SOLE   8,172 0 0
CSW Industrials Inc. COM 126402106   1,130 4,060 SH   SOLE   4,060 0 0
Curtiss-Wright Corporation COM 231561101   1,844 2,434 SH   SOLE   2,434 0 0
Doximity Inc. COM 26622P107   1,667 80,377 SH   SOLE   80,377 0 0
Dexcom Inc. COM 252131107   1,197 17,776 SH   SOLE   17,776 0 0
ERO Copper Corporation COM 296006109   2,330 87,098 SH   SOLE   87,098 0 0
Element Solutions Inc. COM 28618M106   3,109 65,108 SH   SOLE   65,108 0 0
Elbit Systems Ltd. COM M3760D101   1,234 1,626 SH   SOLE   1,626 0 0
F5 Inc. COM 315616102   3,382 8,130 SH   SOLE   8,130 0 0
Fabrinet COM G3323L100   1,817 3,232 SH   SOLE   3,232 0 0
Fortinet Inc. COM 34959E109   5,620 36,585 SH   SOLE   36,585 0 0
General Dynamics Corporation COM 369550108   862 2,434 SH   SOLE   2,434 0 0
Gen Digital Inc. COM 668771108   2,500 100,449 SH   SOLE   100,449 0 0
GE Vernova Inc. COM 36828A101   3,814 3,246 SH   SOLE   3,246 0 0
Generac Holdings Inc. COM 368736104   4,052 13,838 SH   SOLE   13,838 0 0
Garmin Ltd. COM H2906T109   1,349 5,681 SH   SOLE   5,681 0 0
Haemonetics Corporation COM 405024100   2,182 29,088 SH   SOLE   29,088 0 0
Hudbay Minerals Inc. COM 443628102   2,747 116,340 SH   SOLE   116,340 0 0
Huntington Ingalls Industries Inc. COM 446413106   681 2,434 SH   SOLE   2,434 0 0
Hinge Health Inc. COM 433313103   5,231 63,024 SH   SOLE   63,024 0 0
IPG Photonics Corporation COM 44980X109   2,769 23,606 SH   SOLE   23,606 0 0
Intuitive Surgical Inc. COM 46120E602   643 1,616 SH   SOLE   1,616 0 0
ITT Inc. COM 45073V108   2,737 13,838 SH   SOLE   13,838 0 0
Kadant Inc. COM 48282T104   2,039 6,488 SH   SOLE   6,488 0 0
Keysight Technologies Inc. COM 49338L103   4,811 13,742 SH   SOLE   13,742 0 0
Karman Holdings Inc. COM 485924104   1,135 22,734 SH   SOLE   22,734 0 0
Kratos Defense & Security Solutions Inc. COM 50077B207   1,012 20,300 SH   SOLE   20,300 0 0
Leidos Holdings Inc. COM 525327102   418 4,060 SH   SOLE   4,060 0 0
Lumentum Holdings Inc. COM 55024U109   5,572 6,494 SH   SOLE   6,494 0 0
Modine Manufacturing Company COM 607828100   3,690 13,820 SH   SOLE   13,820 0 0
Moog Inc. COM 615394202   1,376 3,247 SH   SOLE   3,247 0 0
Marvell Technology Inc. COM 573874104   4,092 13,736 SH   SOLE   13,736 0 0
Mettler-Toledo International Inc. COM 592688105   1,039 813 SH   SOLE   813 0 0
Micron Technology Inc. COM 595112103   13,360 11,574 SH   SOLE   11,574 0 0
MYR Group Inc. COM 55405W104   3,666 7,326 SH   SOLE   7,326 0 0
Cloudflare Inc. COM 18915M107   3,580 14,594 SH   SOLE   14,594 0 0
Onto Innovation Inc. COM 683344105   3,669 9,696 SH   SOLE   9,696 0 0
Palo Alto Networks Inc. COM 697435105   10,315 30,247 SH   SOLE   30,247 0 0
Parker-Hannifin Corporation COM 701094104   784 802 SH   SOLE   802 0 0
Insulet Corporation COM 45784P101   2,222 14,593 SH   SOLE   14,593 0 0
Qnity Electronics Inc. COM 74743L100   2,124 13,008 SH   SOLE   13,008 0 0
RBC Bearings Inc. COM 75524B104   3,146 4,884 SH   SOLE   4,884 0 0
Rubrik Inc. COM 781154109   4,634 57,723 SH   SOLE   57,723 0 0
Rockwell Automation Inc. COM 773903109   2,812 5,679 SH   SOLE   5,679 0 0
Southern Copper Corporation COM 84265V105   1,867 10,714 SH   SOLE   10,714 0 0
Sociedad Quimica y Minera de Chile S.A. COM 833635105   3,013 40,691 SH   SOLE   40,691 0 0
Steel Dynamics Inc. COM 858119100   2,241 9,765 SH   SOLE   9,765 0 0
Seagate Technology Holdings plc COM G7997R103   3,899 4,040 SH   SOLE   4,040 0 0
Teck Resources Ltd. COM 878742204   1,790 30,099 SH   SOLE   30,099 0 0
Teradyne Inc. COM 880770102   4,713 9,741 SH   SOLE   9,741 0 0
Trimble Inc. COM 896239100   1,447 28,280 SH   SOLE   28,280 0 0
Taiwan Semiconductor Manufacturing Company Ltd. COM 874039100   2,701 5,656 SH   SOLE   5,656 0 0
Tyler Technologies Inc. COM 902252105   476 1,626 SH   SOLE   1,626 0 0
USA Rare Earth Inc. COM 91733P107   1,860 86,178 SH   SOLE   86,178 0 0
Energy Fuels Inc. COM 292671708   673 46,439 SH   SOLE   46,439 0 0
Veracyte Inc. COM 92337F107   3,719 63,329 SH   SOLE   63,329 0 0
Veeva Systems Inc. COM 922475108   1,725 9,721 SH   SOLE   9,721 0 0
Viavi Solutions Inc. COM 925550105   3,165 66,292 SH   SOLE   66,292 0 0
Vicor Corporation COM 925815102   8,965 23,606 SH   SOLE   23,606 0 0
Varonis Systems Inc. COM 922280102   4,153 98,981 SH   SOLE   98,981 0 0
Vertiv Holdings Company COM 92537N108   4,078 12,181 SH   SOLE   12,181 0 0
Vistra Corporation COM 92840M102   2,962 18,674 SH   SOLE   18,674 0 0
Waters Corporation COM 941848103   2,121 5,656 SH   SOLE   5,656 0 0
Waystar Holding Corporation COM 946784105   746 36,360 SH   SOLE   36,360 0 0
Western Digital Corporation COM 958102105   3,613 5,656 SH   SOLE   5,656 0 0
Woodward Inc. COM 980745103   3,455 8,120 SH   SOLE   8,120 0 0
Clear Secure Inc. COM 18467V109   5,518 99,011 SH   SOLE   99,011 0 0
Zscaler Inc. COM 98980G102   1,088 7,711 SH   SOLE   7,711 0 0