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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
VanEck Semiconductor ETF USD Class COM 92189F676   74,560 286,000 SH   SOLE   286,000 0 0
SPDR S&P 500 ETF Trust USD Class COM 78462F103   269,824 495,800 SH   SOLE   495,800 0 0
iShares 20 Year Treasury Bond ETF USD Class COM 464287432   46,248 503,900 SH   SOLE   503,900 0 0
SPDR S&P Biotech ETF USD Class COM 78464A870   55,459 598,200 SH   SOLE   598,200 0 0
Communication Services Select Sector SPDR Fund USD Class COM 81369Y852   57,932 676,300 SH   SOLE   676,300 0 0
Utilities Select Sector SPDR Fund USD Class COM 81369Y886   51,091 749,800 SH   SOLE   749,800 0 0