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
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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AT&T Inc COM 00206R102 1,424 49,910 SH   SOLE   49,910 0 0
Alibaba Group Holding Ltd COM 01609W102 2,878 21,000 SH   SOLE   21,000 0 0
Alphabet Inc COM 02079K305 8,031 7,685 SH   SOLE   7,685 0 0
Amazon.com Inc COM 023135106 8,111 5,400 SH   SOLE   5,400 0 0
American Express Co COM 025816109 1,328 13,930 SH   SOLE   13,930 0 0
Apple Inc COM 037833100 2,156 13,670 SH   SOLE   13,670 0 0
Axis Capital Holdings Ltd COM G0692U109 883 17,100 SH   SOLE   17,100 0 0
BB&T Corp COM 054937107 529 12,200 SH   SOLE   12,200 0 0
Boston Scientific Corp COM 101137107 2,184 61,800 SH   SOLE   61,800 0 0
Chubb Ltd COM H1467J104 1,421 11,000 SH   SOLE   11,000 0 0
Comerica Inc COM 200340107 941 13,700 SH   SOLE   13,700 0 0
Communication Services Select ETF 81369Y852 63,951 1,549,200 SH   SOLE   1,549,200 0 0
Consumer Discretionary Select ETF 81369Y407 71,463 721,780 SH   SOLE   721,780 0 0
Consumer Staples Select Sector ETF 81369Y308 55,320 1,089,410 SH   SOLE   1,089,410 0 0
Edwards Lifesciences Corp COM 28176E108 1,853 12,100 SH   SOLE   12,100 0 0
Energy Select Sector SPDR Fund ETF 81369Y506 204,832 3,571,621 SH   SOLE   3,571,621 0 0
Exxon Mobil Corp COM 30231G102 658 9,650 SH   SOLE   9,650 0 0
Facebook Inc COM 30303M102 577 4,400 SH   SOLE   4,400 0 0
Financial Select Sector SPDR ETF 81369Y605 133,810 5,617,560 SH   SOLE   5,617,560 0 0
GW Pharmaceuticals PLC COM 36197T103 507 5,210 SH   SOLE   5,210 0 0
Goldman Sachs Group Inc/The COM 38141G104 539 3,225 SH   SOLE   3,225 0 0
Health Care Select Sector SPDR ETF 81369Y209 115,123 1,330,745 SH   SOLE   1,330,745 0 0
Illumina Inc COM 452327109 2,711 9,040 SH   SOLE   9,040 0 0
Independent Bank Group Inc COM 45384B106 893 19,500 SH   SOLE   19,500 0 0
Industrial Select Sector SPDR ETF 81369Y704 71,920 1,116,590 SH   SOLE   1,116,590 0 0
Invesco DB Commodity Index ETF 46138B103 3,695 255,000 SH   SOLE   255,000 0 0
Invesco S&P 500 Low Volatility ETF 46138E354 5,038 108,000 SH   SOLE   108,000 0 0
Invesco S&P 500 Pure Growth ETF 46137V266 9,965 100,000 SH   SOLE   100,000 0 0
Invesco S&P 500 Pure Value ETF 46137V258 9,951 175,000 SH   SOLE   175,000 0 0
Invesco S&P 500 Quality ETF ETF 46137V241 10,012 360,000 SH   SOLE   360,000 0 0
Jazz Pharmaceuticals PLC COM G50871105 434 3,500 SH   SOLE   3,500 0 0
Johnson & Johnson COM 478160104 1,523 11,800 SH   SOLE   11,800 0 0
Mastercard Inc COM 57636Q104 541 2,870 SH   SOLE   2,870 0 0
Materials Select Sector SPDR ETF 81369Y100 17,949 355,280 SH   SOLE   355,280 0 0
Microsoft Corp COM 594918104 1,527 15,030 SH   SOLE   15,030 0 0
Morgan Stanley COM 617446448 563 14,200 SH   SOLE   14,200 0 0
New Oriental Education & Tech COM 647581107 2,138 39,000 SH   SOLE   39,000 0 0
Old National Bancorp/IN COM 680033107 964 62,600 SH   SOLE   62,600 0 0
Real Estate Select Sector SPDR ETF 81369Y860 22,578 728,329 SH   SOLE   728,329 0 0
SPDR Portfolio Long Term ETF 78464A664 88,756 2,533,000 SH   SOLE   2,533,000 0 0
SPDR Portfolio S&P 500 Growth ETF 78464A409 5,005 154,000 SH   SOLE   154,000 0 0
SPDR S&P 500 ETF Trust ETF 78462F103 18,881 75,550 SH   SOLE   75,550 0 0
SVB Financial Group COM 78486Q101 1,026 5,400 SH   SOLE   5,400 0 0
Summit Materials Inc COM 86614U100 1,061 85,600 SH   SOLE   85,600 0 0
Taiwan Semiconductor Manufac COM 874039100 2,067 56,000 SH   SOLE   56,000 0 0
Technology Select Sector SPDR ETF 81369Y803 152,838 2,465,920 SH   SOLE   2,465,920 0 0
Texas Capital Bancshares Inc COM 88224Q107 1,517 29,700 SH   SOLE   29,700 0 0
US Bancorp COM 902973304 1,170 25,600 SH   SOLE   25,600 0 0
US Concrete Inc COM 90333L201 1,108 31,400 SH   SOLE   31,400 0 0
UnitedHealth Group Inc COM 91324P102 947 3,800 SH   SOLE   3,800 0 0
Utilities Select Sector SPDR ETF 81369Y886 78,333 1,480,215 SH   SOLE   1,480,215 0 0
Vanguard Extended Market ETF ETF 922908652 75,157 753,000 SH   SOLE   753,000 0 0
Vanguard FTSE Developed Market ETF 921943858 42,294 1,140,000 SH   SOLE   1,140,000 0 0
Vanguard FTSE Europe ETF ETF 922042874 17,198 353,730 SH   SOLE   353,730 0 0
Vanguard Russell 2000 ETF ETF 92206C664 4,187 39,000 SH   SOLE   39,000 0 0
Vanguard S&P 500 ETF ETF 922908363 151,790 660,500 SH   SOLE   660,500 0 0
Verizon Communications Inc COM 92343V104 4,139 73,620 SH   SOLE   73,620 0 0
Visa Inc COM 92826C839 1,557 11,800 SH   SOLE   11,800 0 0
ZTO Express Cayman Inc COM 98980A105 1,900 120,000 SH   SOLE   120,000 0 0
iShares Core MSCI Emerging ETF 46434G103 87,854 1,863,289 SH   SOLE   1,863,289 0 0
iShares Core U.S. Aggregate ETF 464287226 98,844 928,200 SH   SOLE   928,200 0 0
iShares Edge MSCI USA Momentum ETF 46432F396 10,023 100,000 SH   SOLE   100,000 0 0
iShares MSCI Australia ETF ETF 464286103 14,816 769,640 SH   SOLE   769,640 0 0
iShares MSCI Canada ETF ETF 464286509 24,163 1,008,486 SH   SOLE   1,008,486 0 0
iShares MSCI China ETF ETF 46429B671 25,363 482,000 SH   SOLE   482,000 0 0
iShares MSCI EAFE Growth ETF ETF 464288885 11,306 163,689 SH   SOLE   163,689 0 0
iShares MSCI EAFE Small-Cap ETF 464288273 8,976 173,210 SH   SOLE   173,210 0 0
iShares MSCI EAFE Value ETF ETF 464288877 8,153 180,291 SH   SOLE   180,291 0 0
iShares MSCI Emerging Markets ETF 464287234 17,108 438,000 SH   SOLE   438,000 0 0
iShares MSCI Japan ETF ETF 46434G822 32,716 645,405 SH   SOLE   645,405 0 0
iShares MSCI United Kingdom ETF 46435G334 4,187 142,650 SH   SOLE   142,650 0 0
iShares Nasdaq Biotechnology ETF 464287556 40,250 417,400 SH   SOLE   417,400 0 0
iShares Russell 2000 ETF ETF 464287655 11,364 84,866 SH   SOLE   84,866 0 0
iShares S&P 500 Growth ETF ETF 464287309 15,318 101,669 SH   SOLE   101,669 0 0
iShares S&P 500 Value ETF ETF 464287408 17,082 168,897 SH   SOLE   168,897 0 0
iShares S&P Mid-Cap 400 Growth ETF 464287606 6,885 36,003 SH   SOLE   36,003 0 0
iShares S&P Mid-Cap 400 Value ETF 464287705 7,949 57,458 SH   SOLE   57,458 0 0
iShares U.S. Real Estate ETF ETF 464287739 131,655 1,756,800 SH   SOLE   1,756,800 0 0
iShares US Telecommunications ETF 464287713 52,165 1,979,700 SH   SOLE   1,979,700 0 0