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
Expires: July 31, 2015
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
COMM SERV SELECT SECTOR SPDR ETP 81369Y852 15,865,203 148,093 SH SOLE 148,093 0 0
TECHNOLOGY SELECT SECT SPDR ETP 81369Y803 13,496,056 70,838 SH SOLE 70,838 0 0
INDUSTRIAL SELECT SECT SPDR ETP 81369Y704 10,457,530 56,457 SH SOLE 56,457 0 0
SPDR BLOOMBERG 1-3 MONTH T-B ETP 78468R663 9,036,620 98,610 SH SOLE 98,610 0 0
FINANCIAL SELECT SECTOR SPDR ETP 81369Y605 8,735,106 162,938 SH SOLE 162,938 0 0
FRANKLIN FTSE JAPAN ETF ETP 35473P744 7,551,626 189,978 SH SOLE 189,978 0 0
FRANKLIN FTSE TAIWAN ETF ETP 35473P686 6,855,756 64,965 SH SOLE 64,965 0 0
VANGUARD TOTAL STOCK MKT ETF ETP 922908769 5,307,897 14,344 SH SOLE 14,344 0 0
JPMORGAN ACTIVE BOND ETF ETP 46654Q716 5,081,056 94,973 SH SOLE 94,973 0 0
ISHARES MSCI SOUTH KOREA ETF ETP 464286772 4,852,465 24,034 SH SOLE 24,034 0 0
UTILITIES SELECT SECTOR SPDR ETP 81369Y886 4,822,906 106,372 SH SOLE 106,372 0 0
CONSUMER DISCRETIONARY SELT ETP 81369Y407 4,752,655 40,524 SH SOLE 40,524 0 0
HEALTH CARE SELECT SECTOR ETP 81369Y209 4,390,916 27,675 SH SOLE 27,675 0 0
VANGUARD FTSE DEVELOPED ETF ETP 921943858 4,370,974 61,347 SH SOLE 61,347 0 0
SPDR S&P AEROSPACE & DEF ETF ETP 78464A631 4,323,257 15,234 SH SOLE 15,234 0 0
ENERGY SELECT SECTOR SPDR ETP 81369Y506 4,025,048 75,787 SH SOLE 75,787 0 0
FRANKLIN FTSE CANADA ETF ETP 35473P827 3,847,897 74,760 SH SOLE 74,760 0 0
FRANKLIN FTSE UNITED KINGDOM ETP 35473P678 3,578,477 101,402 SH SOLE 101,402 0 0
VANGUARD TOT WORLD STK ETF ETP 922042742 3,120,009 19,879 SH SOLE 19,879 0 0
CONSUMER STAPLES SPDR ETP 81369Y308 2,784,340 33,518 SH SOLE 33,518 0 0
FRANKLIN FTSE GERMANY ETF ETP 35473P785 2,733,108 84,886 SH SOLE 84,886 0 0
SPDR PORT S&P 500 VALUE ETP 78464A508 2,723,270 44,798 SH SOLE 44,798 0 0
ISHARES RUSSELL 2000 ETF ETP 464287655 2,704,651 9,002 SH SOLE 9,002 0 0
FRANKLIN FTSE CHINA ETF ETP 35473P819 2,510,574 122,989 SH SOLE 122,989 0 0
ISHARES MSCI BRAZIL ETF ETP 464286400 2,433,251 70,529 SH SOLE 70,529 0 0
ISHARES MSCI MEXICO ETF ETP 464286822 2,341,951 31,114 SH SOLE 31,114 0 0
ISHARES MSCI SPAIN ETF ETP 464286764 2,334,918 39,315 SH SOLE 39,315 0 0
FRANKLIN FTSE SOUTH KOREA ETP 35473P710 2,313,196 35,006 SH SOLE 35,006 0 0
ISHARES CORE S&P MIDCAP ETF ETP 464287507 1,894,361 24,567 SH SOLE 24,567 0 0
VANGUARD FTSE EMERGING MARKE ETP 922042858 1,888,174 31,633 SH SOLE 31,633 0 0
ISHARES MSCI SOUTH AFRICA ET ETP 464286780 1,883,568 29,808 SH SOLE 29,808 0 0
ISHARES MSCI PERU AND GLOBAL ETP 464289842 1,827,064 21,881 SH SOLE 21,881 0 0
FRANKLIN FTSE INDIA ETF ETP 35473P769 1,795,787 50,486 SH SOLE 50,486 0 0
FRANKLIN FTSE SWITZERLAND ETP 35473P694 1,523,656 35,164 SH SOLE 35,164 0 0
ISHARES MSCI CHILE ETF ETP 464286640 1,462,707 36,844 SH SOLE 36,844 0 0
ISHARES MSCI EMR MRK EX CHNA ETP 46434G764 1,304,939 12,756 SH SOLE 12,756 0 0
ISHARES MSCI NETHERLANDS ETF ETP 464286814 1,293,693 18,392 SH SOLE 18,392 0 0
ISHARES CORE S&P SMALL-CAP E ETP 464287804 1,257,817 8,481 SH SOLE 8,481 0 0
FRANKLIN FTSE AUSTRALIA ETF ETP 35473P843 1,255,073 37,289 SH SOLE 37,289 0 0
JPMORGAN INTL BND ETF ETP 46641Q852 1,243,852 25,726 SH SOLE 25,726 0 0
ISHARES MSCI FRANCE ETF ETP 464286707 1,199,034 26,393 SH SOLE 26,393 0 0
ISHARES CORE S&P 500 ETP G4955H110 1,171,513 1,444 SH SOLE 1,444 0 0
SPDR GOLD SHARES ETP 78463V107 1,137,557 3,088 SH SOLE 3,088 0 0
ISHARES IBOXX INVESTMENT GRA ETP 464287242 1,078,593 9,889 SH SOLE 9,889 0 0
ALPHA ARCHITECT 1-3 MNTH BOX ETP 02072L565 990,698 8,461 SH SOLE 8,461 0 0
VANGUARD TOTAL BOND MARKET ETP 921937835 887,674 12,092 SH SOLE 12,092 0 0
ISHARES MSCI HONG KONG ETF ETP 464286871 849,561 40,610 SH SOLE 40,610 0 0
ISHARES MSCI UNITED KINGDOM ETP 46435G334 825,398 17,889 SH SOLE 17,889 0 0
ISHARES MSCI SWEDEN ETF ETP 464286756 703,618 14,078 SH SOLE 14,078 0 0
ISHARES NASDAQ 100 USD ACC ETP G4955H268 652,135 377 SH SOLE 377 0 0
ISHARES MSCI ITALY ETF ETP 46434G830 630,551 10,644 SH SOLE 10,644 0 0
ISHARES MSCI TAIWAN ETF ETP 46434G772 626,788 5,771 SH SOLE 5,771 0 0
JPMORGAN BETABUILDERS CANADA ETP 46641Q225 621,151 6,249 SH SOLE 6,249 0 0
ISHARES JP MORGAN USD EMERGI ETP 464288281 582,208 6,037 SH SOLE 6,037 0 0
FRANKLIN FTSE BRAZIL ETF ETP 35473P835 526,558 24,594 SH SOLE 24,594 0 0
SPDR DJ GLOBAL REAL ESTATE E ETP 78463X749 455,194 9,157 SH SOLE 9,157 0 0
BRIGHTHOUSE FINANCIAL INC COMMON STOCK 10922N103 428,035 6,762 SH SOLE 6,762 0 0
WESTERN ALLIANCE BANCORP COMMON STOCK 957638109 386,833 4,706 SH SOLE 4,706 0 0
ISH DIVERS COMMOD SWAP ETF ETP G4954P378 368,002 40,447 SH SOLE 40,447 0 0
CRESCENT ENERGY INC-A COMMON STOCK 44952J104 366,983 37,371 SH SOLE 37,371 0 0
COCA-COLA CONSOLIDATED INC COMMON STOCK 191098102 357,593 1,873 SH SOLE 1,873 0 0
ISHARES CORE EM IMI ACC ETP G49507836 357,413 6,411 SH SOLE 6,411 0 0
ISHARES MSCI DENMARK ETF ETP 46429B523 332,043 3,009 SH SOLE 3,009 0 0
ISHARES EDGE MSCI USA VALUE ETP G4955M788 323,254 16,861 SH SOLE 16,861 0 0
LINCOLN NATIONAL CORP COMMON STOCK 534187109 314,827 8,906 SH SOLE 8,906 0 0
ISHARES MSCI AUSTRALIA ETF ETP 464286103 314,209 11,158 SH SOLE 11,158 0 0
VANGUARD S&P 500 ETF ETP 922908363 284,339 414 SH SOLE 414 0 0
DAVITA INC COMMON STOCK 23918K108 280,547 1,261 SH SOLE 1,261 0 0
VALMONT INDUSTRIES COMMON STOCK 920253101 274,938 476 SH SOLE 476 0 0
REGAL REXNORD CORP COMMON STOCK 758750103 269,631 1,132 SH SOLE 1,132 0 0
BREAD FINANCIAL HOLDINGS INC COMMON STOCK 018581108 257,765 2,379 SH SOLE 2,379 0 0
ISHARES US AGG BND USD ACC ETP G4R53X257 255,172 44,250 SH SOLE 44,250 0 0
ISHARES CHINA LARGE-CAP ETF ETP 464287184 240,400 7,610 SH SOLE 7,610 0 0
ISHARES MSCI USA ESG SCREEND ETP G4954B536 230,737 14,801 SH SOLE 14,801 0 0
DILLARDS INC-CL A COMMON STOCK 254067101 223,522 423 SH SOLE 423 0 0
NEWMARKET CORP COMMON STOCK 651587107 221,547 280 SH SOLE 280 0 0
FIRST HORIZON CORP COMMON STOCK 320517105 217,299 8,475 SH SOLE 8,475 0 0
TORO CO COMMON STOCK 891092108 212,570 2,182 SH SOLE 2,182 0 0
AUTONATION INC COMMON STOCK 05329W102 207,156 1,115 SH SOLE 1,115 0 0
LITHIA MOTORS INC COMMON STOCK 536797103 204,214 703 SH SOLE 703 0 0
CROWN HOLDINGS INC COMMON STOCK 228368106 203,512 1,820 SH SOLE 1,820 0 0
SANDISK CORP COMMON STOCK 80004C200 202,362 89 SH SOLE 89 0 0
SERVICE CORP INTERNATIONAL COMMON STOCK 817565104 200,990 2,646 SH SOLE 2,646 0 0
AUTOLIV INC COMMON STOCK 052800109 200,974 1,730 SH SOLE 1,730 0 0
ISHARES JPM USD EM BND USD A ETP G4R53X240 145,298 21,896 SH SOLE 21,896 0 0
ISHARES USD HY CORP USD ACC ETP G4R53X265 136,698 18,224 SH SOLE 18,224 0 0
DXC TECHNOLOGY CO COMMON STOCK 23355L106 123,387 13,942 SH SOLE 13,942 0 0
ADT INC COMMON STOCK 00090Q103 102,843 15,822 SH SOLE 15,822 0 0
ISHARES JPM USD EM CRP USD A ETP G4R54M789 96,585 14,162 SH SOLE 14,162 0 0
ISHARES CORE GLB AGG USD-H A ETP G4R54N258 84,273 14,381 SH SOLE 14,381 0 0
GRAY MEDIA INC COMMON STOCK 389375106 45,123 11,366 SH SOLE 11,366 0 0