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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
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
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 2,547 124,972 SH   DFND 1 0 124,972 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 422 20,718 SH   SOLE   20,718 0 0
ATLANTICA YIELD PLC SHS G0751N103 6,318 324,655 SH   DFND 1 0 324,655 0
AVANGRID INC COM 05351W103 19,078 378,900 SH   DFND 1 0 378,900 0
CLEARWAY ENERGY INC CL C 18539C204 5,799 383,766 SH   DFND 1 0 383,766 0
COMMERCIAL METALS CO COM 201723103 1,284 75,190 SH   DFND 1 0 75,190 0
COMMERCIAL METALS CO COM 201723103 273 15,970 SH   SOLE   15,970 0 0
ENEL AMERICAS S A SPONSORED ADR 29274F104 461 51,661 SH   DFND 1 0 51,661 0
ISHARES TR MSCI EMG MKT ETF 464287234 7,412 172,704 SH   DFND 1 0 172,704 0
KOSMOS ENERGY LTD COM 500688106 2,851 457,664 SH   DFND 1 0 457,664 0
NATIONAL GRID PLC SPONSORED ADR NE 636274409 23,649 423,522 SH   DFND 1 0 423,522 0
PROSHARES TR ULTRAPRO SHORT S 74347B268 2,022 64,100 SH   SOLE   64,100 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 6,315 98,743 SH   DFND 1 0 98,743 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 848 13,257 SH   SOLE   13,257 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 28,474 489,496 SH   DFND 1 0 489,496 0