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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
ISHARES TR IBOXX INV CP ETF 464287242 980,706 7,940,300 SH Call SOLE   7,940,300 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 2,295 41,500 SH   SOLE   41,500 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 59,641 1,060,670 SH   SOLE   1,060,670 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 47,645 538,000 SH Call SOLE   538,000 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 47,645 538,000 SH Put SOLE   538,000 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 40,943 410,000 SH Call SOLE   410,000 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 40,943 410,000 SH Put SOLE   410,000 0 0