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
iShares Nasdaq Biotechnology ETF COM 464287556 17,231 126,060 SH   SOLE   126,060 0 0
iShares U.S. Home Construction ETF COM 464288752 34,237 775,460 SH   SOLE   775,460 0 0
Invesco QQQ Trust Series 1 COM 46090E103 56,750 229,200 SH   SOLE   229,200 0 0
Schwab U.S. Large-Cap Value ETF COM 808524409 30,946 617,560 SH   SOLE   617,560 0 0
VANECK VECTORS SEMICONDUCTOR ETF COM 92189F676 16,927 110,780 SH   SOLE   110,780 0 0
Vanguard Consumer Staples ETF COM 92204A207 30,530 204,120 SH   SOLE   204,120 0 0
iShares Edge MSCI USA Value Factor ETF COM 46432F388 41,140 569,180 SH   SOLE   569,180 0 0
SPDR S&P Biotech ETF COM 78464A870 23,521 210,100 SH   SOLE   210,100 0 0
SPDR S&P Homebuilders ETF COM 78464A888 24,652 561,540 SH   SOLE   561,540 0 0
Financial Select Sector SPDR Fund COM 81369Y605 55,086 2,380,570 SH   SOLE   2,380,570 0 0
Technology Select Sector SPDR Fund COM 81369Y803 110,964 1,061,960 SH   SOLE   1,061,960 0 0
Health Care Select Sector SPDR Fund COM 81369Y209 60,018 599,760 SH   SOLE   599,760 0 0
Consumer Discretionary Select Sector SPDR Fund COM 81369Y407 27,808 217,740 SH   SOLE   217,740 0 0