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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
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100   8,701,287 98,710 SH   DFND 34 98,710 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209   3,493,245 25,500 SH   DFND 34 25,500 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506   8,403,814 109,940 SH   DFND 34 109,940 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605   10,813,138 282,180 SH   DFND 34 282,180 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704   410,890 3,990 SH   DFND 34 3,990 0 0