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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

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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
REAL ESTATE SELECT SECTOR SPDR ETF 81369Y860 24,360 746,995 SH   SOLE   0 0 746,995
FINANCIAL SELECT SECTOR SPDR FUND ETF 81369Y605 36,021 1,306,069 SH   SOLE   0 0 1,306,069
CONSUMER STAPLES SELECT SECTOR SPDR FUND ETF 81369Y308 25,214 467,526 SH   SOLE   0 0 467,526
ISHARES RUSSELL 2000 ETF 464287655 22,285 132,213 SH   SOLE   0 0 132,213
SPDR S&P 500 ETF TRUST ETF 78462F103 218,074 750,117 SH   SOLE   0 0 750,117