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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
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
ISHARES TR 20 YR TR BD ETF 464287432   39,684,763 419,412 SH   SOLE   419,412 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   59,254,549 281,762 SH   SOLE   281,762 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   155,714,257 296,788 SH   SOLE   296,788 0 0
KRANESHARES TRUST CSI CHI INTERNET 500767306   15,816,413 602,530 SH   SOLE   602,530 0 0