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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 7,933,800 60,000 SH SOLE 60,000 0 0
BNY MELLON ETF TRUST US LRG CP CORE 09661T107 8,186,641 77,000 SH SOLE 77,000 0 0
FRANKLIN TEMPLETON ETF TR FRANKLIN INDIA 35473P769 19,341,000 525,000 SH SOLE 525,000 0 0
FUTU HLDGS LTD SPON ADS CL A 36118L106 6,141,000 60,000 SH SOLE 60,000 0 0
ISHARES INC MSCI SINGPOR ETF 46434G780 46,793,039 1,969,404 SH SOLE 1,969,404 0 0
ISHARES INC MSCI THAILND ETF 464286624 14,468,210 278,449 SH SOLE 278,449 0 0
ISHARES TR CORE MSCI EURO 46434V738 164,185,801 2,729,606 SH SOLE 2,729,606 0 0
ISHARES TR CORE S&P500 ETF 464287200 359,618,810 640,005 SH SOLE 640,005 0 0
ISHARES TR MSCI CHINA ETF 46429B671 49,540,339 910,668 SH SOLE 910,668 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 17,987,702 1,103,540 SH SOLE 1,103,540 0 0
ISHARES TR MSCI PHILIPS ETF 46429B408 5,849,790 231,217 SH SOLE 231,217 0 0
KRANESHARES TRUST CSI CHI INTERNET 500767306 7,156,550 205,000 SH SOLE 205,000 0 0
NETEASE INC SPONSORED ADS 64110W102 6,689,800 65,000 SH SOLE 65,000 0 0
PDD HOLDINGS INC SPONSORED ADS 722304102 16,332,300 138,000 SH SOLE 138,000 0 0
RAPID MICRO BIOSYSTEMS INC CLASS A COM 75340L104 1,713,109 648,905 SH DFND 648,905 0 0
SPDR SER TR PORTFOLIO S&P500 78464A854 327,336,117 4,977,739 SH SOLE 4,977,739 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 416,331,339 810,125 SH SOLE 810,125 0 0