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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
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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
GLOBAL X FDS GLOBAL X COPPER 37954Y830   6,214,204 170,673 SH   SOLE   170,673 0 0
INVESCO QQQ TR UNIT SER 1 46090E103   26,540,642 74,080 SH   SOLE   74,080 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822   6,161,035 102,190 SH   SOLE   102,190 0 0
ISHARES INC MSCI GERMANY ETF 464286806   6,261,617 238,993 SH   SOLE   238,993 0 0
ISHARES TR MSCI UK ETF NEW 46435G334   6,226,625 196,796 SH   SOLE   196,796 0 0
ISHARES TR EAFE VALUE ETF 464288877   19,812,393 404,913 SH   SOLE   404,913 0 0
ISHARES TR MSCI ACWI ETF 464288257   4,665,147 50,505 SH   SOLE   50,505 0 0
ISHARES TR MSCI EURO FL ETF 464289180   5,986,982 316,604 SH   SOLE   316,604 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886   6,258,189 106,197 SH   SOLE   106,197 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308   16,771,956 243,743 SH   SOLE   243,743 0 0
VANGUARD INDEX FDS VALUE ETF 922908744   16,722,219 121,237 SH   SOLE   121,237 0 0
VANGUARD SPECIALIZED FUNDS DIV APP ETF 921908844   33,492,004 215,549 SH   SOLE   215,549 0 0
VANGUARD WORLD FDS FINANCIALS ETF 92204A405   2,967,181 36,942 SH   SOLE   36,942 0 0