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
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMGEN INC COM 031162100 1,602 7,109 SH   SOLE   7,109 0 0
FRANKLIN TEMPLETON ETF TR FTSE BRAZIL 35473P835 1,272 70,354 SH   SOLE   70,354 0 0
FRANKLIN TEMPLETON ETF TR FTSE CHINA 35473P819 28,552 1,685,323 SH   SOLE   1,685,323 0 0
FRANKLIN TEMPLETON ETF TR FTSE SOUTH KOREA 35473P710 5,011 296,668 SH   SOLE   296,668 0 0
INVESCO CURRENCYSHARES EURO EURO SHS 46138K103 605 6,692 SH   SOLE   6,692 0 0
INVESCO EXCHANGE TRADED FD T S&P500 QUALITY 46137V241 1,478 37,202 SH   SOLE   37,202 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 9,487 321,580 SH   SOLE   321,580 0 0
ISHARES INC MSCI CHILE ETF 464286640 1,754 71,785 SH   SOLE   71,785 0 0
ISHARES INC MSCI GBL MIN VOL 464286525 13,970 157,224 SH   SOLE   157,224 0 0
ISHARES INC MSCI MEXICO ETF 464286822 5,602 126,326 SH   SOLE   126,326 0 0
ISHARES INC MSCI MLY ETF NEW 46434G814 2,502 123,072 SH   SOLE   123,072 0 0
ISHARES INC MSCI STH AFR ETF 464286780 5,869 159,905 SH   SOLE   159,905 0 0
ISHARES INC MSCI STH KOR ETF 464286772 8,018 166,481 SH   SOLE   166,481 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772 16,037 367,926 SH   SOLE   367,926 0 0
ISHARES INC MSCI THAILND ETF 464286624 3,388 51,589 SH   SOLE   51,589 0 0
ISHARES INC MSCI TURKEY ETF 464286715 659 29,583 SH   SOLE   29,583 0 0
ISHARES TR MSCI CHINA ETF 46429B671 21,627 505,712 SH   SOLE   505,712 0 0
ISHARES TR MSCI INDIA ETF 46429B598 25,622 619,955 SH   SOLE   619,955 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 4,338 183,989 SH   SOLE   183,989 0 0
ISHARES TR MSCI KUWAIT ETF 46436E817 1,350 41,116 SH   SOLE   41,116 0 0
ISHARES TR MSCI PERU ETF 464289842 321 13,033 SH   SOLE   13,033 0 0
ISHARES TR MSCI PHILIPS ETF 46429B408 1,137 51,210 SH   SOLE   51,210 0 0
ISHARES TR MSCI POLAND ETF 46429B606 677 62,238 SH   SOLE   62,238 0 0
ISHARES TR MSCI QATAR ETF 46434V779 2,136 99,553 SH   SOLE   99,553 0 0
ISHARES TR MSCI SAUDI ARBIA 46434V423 7,956 191,664 SH   SOLE   191,664 0 0
ISHARES TR MSCI UAE ETF 46434V761 2,913 190,344 SH   SOLE   190,344 0 0
J P MORGAN EXCHANGE TRADED F ULTRA SHRT INC 46641Q837 2,150 42,893 SH   SOLE   42,893 0 0
META PLATFORMS INC CL A 30303M102 576 4,245 SH   SOLE   4,245 0 0
MICROSOFT CORP COM 594918104 363 1,559 SH   SOLE   1,559 0 0
SELECT SECTOR SPDR TR FINANCIAL 81369Y605 2,394 78,961 SH   SOLE   78,961 0 0
SPDR GOLD TR GOLD SHS 78463V107 1,966 12,625 SH   SOLE   12,625 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 4,689 68,386 SH   SOLE   68,386 0 0
VALE S A SPONSORED ADS 91912E105 1,536 115,321 SH   SOLE   115,321 0 0
VANGUARD SCOTTSDALE FDS LG-TERM COR BD 92206C813 3,542 48,353 SH   SOLE   48,353 0 0