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

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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
SPDR S&P Regional Banking ETF COM 78464A698   41,525 792,000 SH   SOLE   792,000 0 0
VanEck Semiconductor ETF COM 92189F676   41,392 236,700 SH   SOLE   236,700 0 0
SPDR S&P 500 ETF Trust COM 78462F103   187,652 394,800 SH   SOLE   394,800 0 0
iShares Treasury Floating Rate Bond ETF COM 46434V860   3,889 77,050 SH   SOLE   77,050 0 0
SPDR S&P Biotech ETF COM 78464A870   42,100 471,500 SH   SOLE   471,500 0 0
Communication Services Select Sector SPDR Fund COM 81369Y852   40,472 557,000 SH   SOLE   557,000 0 0