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 16,623 122,760 SH   SOLE   122,760 0 0
iShares U.S. Home Construction ETF COM 464288752 42,780 755,160 SH   SOLE   755,160 0 0
Invesco QQQ Trust Series 1 COM 46090E103 62,014 223,200 SH   SOLE   223,200 0 0
Schwab U.S. Large-Cap Value ETF COM 808524409 31,258 598,920 SH   SOLE   598,920 0 0
VanEck Vectors Semiconductor ETF COM 92189F676 18,793 107,880 SH   SOLE   107,880 0 0
Vanguard Consumer Staples ETF COM 92204A207 32,816 200,880 SH   SOLE   200,880 0 0
iShares MSCI USA Value Factor ETF COM 46432F388 40,895 554,280 SH   SOLE   554,280 0 0
SPDR S&P Biotech ETF COM 78464A870 22,799 204,600 SH   SOLE   204,600 0 0
SPDR S&P Homebuilders ETF COM 78464A888 29,464 546,840 SH   SOLE   546,840 0 0
Financial Select Sector SPDR Fund COM 81369Y605 55,918 2,323,140 SH   SOLE   2,323,140 0 0
Technology Select Sector SPDR Fund COM 81369Y803 120,686 1,034,160 SH   SOLE   1,034,160 0 0
Health Care Select Sector SPDR Fund COM 81369Y209 61,605 584,040 SH   SOLE   584,040 0 0
Consumer Discretionary Select Sector SPDR Fund COM 81369Y407 31,166 212,040 SH   SOLE   212,040 0 0