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
SIMPLIFY INTEREST RATE HEDGE ETF 82889N855 1,052 25,400 SH   SOLE   25,400 0 0
PROSHARES ULTRASHORT 20Y TR ETF 74347B201 2,350 124,800 SH   SOLE   124,800 0 0
ISHARES TIPS BOND ETF ETF 464287176 5,504 43,000 SH Put SOLE   43,000 0 0
ISHARES MSCI GERMANY ETF ETF 464286806 4,958 143,300 SH   SOLE   143,300 0 0
ISHARES MSCI JAPAN ETF ETF 46434G822 4,883 72,300 SH   SOLE   72,300 0 0
ISHARES NASDAQ BIOTECHNOLOGY ETF 464287556 10,464 63,940 SH   SOLE   63,940 0 0
KRANESHARES CSI CHINA INTERN ETF 500767306 3,440 49,300 SH   SOLE   49,300 0 0
INVESCO QQQ TRUST SERIES 1 ETF 46090E103 17,899 50,500 SH   SOLE   50,500 0 0
VANECK SEMICONDUCTOR ETF 92189F676 3,304 12,600 SH   SOLE   12,600 0 0
SPDR S&P 500 ETF TRUST ETF 78462F103 18,621 43,500 SH Put SOLE   43,500 0 0
VANGUARD FTSE ALL-WORLD EX-U ETF 922042775 20,500 323,400 SH   SOLE   323,400 0 0
COMM SERV SELECT SECTOR SPDR ETF 81369Y852 5,287 65,300 SH   SOLE   65,300 0 0
INDUSTRIAL SELECT SECT SPDR ETF 81369Y704 3,226 31,500 SH   SOLE   31,500 0 0
TECHNOLOGY SELECT SECT SPDR ETF 81369Y803 4,061 27,500 SH   SOLE   27,500 0 0
SPDR S&P 500 ETF TRUST ETF 78462F103 4,495 10,500 SH   SOLE   10,500 0 0
MATERIALS SELECT SECTOR SPDR ETF 81369Y100 2,189 26,600 SH   SOLE   26,600 0 0
ENERGY SELECT SECTOR SPDR ETF 81369Y506 1,212 22,500 SH   SOLE   22,500 0 0
FINANCIAL SELECT SECTOR SPDR ETF 81369Y605 2,238 61,000 SH   SOLE   61,000 0 0
JPMORGAN ALERIAN MLP INDEX ETN 46625H365 4,260 216,800 SH   SOLE   216,800 0 0
AVALONBAY COMMUNITIES INC COM 053484101 876 4,200 SH   SOLE   4,200 0 0
COREPOINT LODGING INC COM 21872L104 7,164 669,500 SH   SOLE   669,500 0 0
COLUMBIA PROPERTY TRUST INC COM 198287203 1,635 94,000 SH   SOLE   94,000 0 0
INVESCO DB AGRICULTURE FUND ETF 46140H106 1,149 61,700 SH   SOLE   61,700 0 0
EQUITY RESIDENTIAL COM 29476L107 924 12,000 SH   SOLE   12,000 0 0
SPDR S&P GL NAT RESOURCES ETF 78463X541 1,336 25,200 SH   SOLE   25,200 0 0
TRITON INTERNATIONAL LTD COM G9078F107 633 12,100 SH   SOLE   12,100 0 0
VANGUARD REAL ESTATE ETF ETF 922908553 7,716 75,800 SH   SOLE   75,800 0 0