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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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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 TR IBOXX INV CP ETF 464287242   21,086,000 200,000 SH Put SOLE _ 200,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242   21,086,000 200,000 SH Call SOLE _ 200,000 0 0
ISHARES TR JPMORGAN USD EMG 464288281   20,019,831 236,669 SH   SOLE _ 236,669 0 0
ISHARES TR JPMORGAN USD EMG 464288281   211,475,000 2,500,000 SH Put SOLE _ 2,500,000 0 0
PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408   1,597,500 150,000 SH   SOLE _ 150,000 0 0