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 HI YD ETF | 464288513 | 91,296 | 1,045,775 | SH | | SOLE | | 1,045,775 | 0 | 0 |
ISHARES TR | IBOXX HI YD ETF | 464288513 | 2,619 | 30,000 | SH | | SOLE | | 30,000 | 0 | 0 |
ISHARES TR | BROAD USD HIGH | 46435U853 | 2,063 | 50,000 | SH | | SOLE | | 50,000 | 0 | 0 |
CODIAK BIOSCIENCES INC | COM | 192010106 | 10,767 | 333,333 | SH | | SOLE | | 333,333 | 0 | 0 |
AMDOCS LTD | SHS | G02602103 | 2,731 | 38,500 | SH | | SOLE | | 38,500 | 0 | 0 |
ASSURED GUARANTY LTD | COM | G0585R106 | 3,769 | 119,700 | SH | | SOLE | | 119,700 | 0 | 0 |
ATHENE HOLDING LTD | CL A | G0684D107 | 2,757 | 63,900 | SH | | SOLE | | 63,900 | 0 | 0 |
BUNGE LIMITED | COM | G16962105 | 3,272 | 49,900 | SH | | SOLE | | 49,900 | 0 | 0 |
EVEREST RE GROUP LTD | COM | G3223R108 | 2,622 | 11,200 | SH | | SOLE | | 11,200 | 0 | 0 |
INVESCO LTD | SHS | G491BT108 | 3,646 | 209,200 | SH | | SOLE | | 209,200 | 0 | 0 |
JAZZ PHARMACEUTICALS PLC | SHS USD | G50871105 | 2,624 | 15,900 | SH | | SOLE | | 15,900 | 0 | 0 |
LAZARD LTD | SHS A | G54050102 | 2,864 | 67,700 | SH | | SOLE | | 67,700 | 0 | 0 |
NIELSEN HLDGS PLC | SHS EUR | G6518L108 | 3,045 | 145,900 | SH | | SOLE | | 145,900 | 0 | 0 |
NVENT ELECTRIC PLC | SHS | G6700G107 | 2,897 | 124,400 | SH | | SOLE | | 124,400 | 0 | 0 |
PERRIGO CO PLC | SHS | G97822103 | 2,093 | 46,800 | SH | | SOLE | | 46,800 | 0 | 0 |
ARDAGH GROUP S A | CL A | L0223L101 | 2,693 | 156,500 | SH | | SOLE | | 156,500 | 0 | 0 |
LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 | 2,695 | 29,400 | SH | | SOLE | | 29,400 | 0 | 0 |
ADT INC DEL | COM | 00090Q103 | 1,981 | 252,300 | SH | | SOLE | | 252,300 | 0 | 0 |
AFLAC INC | COM | 001055102 | 2,739 | 61,600 | SH | | SOLE | | 61,600 | 0 | 0 |
AGNC INVT CORP | COM | 00123Q104 | 2,440 | 156,400 | SH | | SOLE | | 156,400 | 0 | 0 |
AES CORP | COM | 00130H105 | 2,956 | 125,800 | SH | | SOLE | | 125,800 | 0 | 0 |
AT&T INC | COM | 00206R102 | 2,246 | 78,100 | SH | | SOLE | | 78,100 | 0 | 0 |
ABBVIE INC | COM | 00287Y109 | 2,689 | 25,100 | SH | | SOLE | | 25,100 | 0 | 0 |
AFFILIATED MANAGERS GROUP IN | COM | 008252108 | 3,478 | 34,200 | SH | | SOLE | | 34,200 | 0 | 0 |
AIR LEASE CORP | CL A | 00912X302 | 3,109 | 70,000 | SH | | SOLE | | 70,000 | 0 | 0 |
ALEXION PHARMACEUTICALS INC | COM | 015351109 | 3,109 | 19,900 | SH | | SOLE | | 19,900 | 0 | 0 |
ALLIANCE DATA SYSTEMS CORP | COM | 018581108 | 3,594 | 48,500 | SH | | SOLE | | 48,500 | 0 | 0 |
ALLISON TRANSMISSION HLDGS I | COM | 01973R101 | 2,890 | 67,000 | SH | | SOLE | | 67,000 | 0 | 0 |
ALLSTATE CORP | COM | 020002101 | 2,638 | 24,000 | SH | | SOLE | | 24,000 | 0 | 0 |
ALLY FINL INC | COM | 02005N100 | 3,142 | 88,100 | SH | | SOLE | | 88,100 | 0 | 0 |
ALTRIA GROUP INC | COM | 02209S103 | 2,226 | 54,300 | SH | | SOLE | | 54,300 | 0 | 0 |
AMERICAN FINL GROUP INC OHIO | COM | 025932104 | 2,988 | 34,100 | SH | | SOLE | | 34,100 | 0 | 0 |
AMERICAN INTL GROUP INC | COM NEW | 026874784 | 2,968 | 78,400 | SH | | SOLE | | 78,400 | 0 | 0 |
AMERISOURCEBERGEN CORP | COM | 03073E105 | 2,327 | 23,800 | SH | | SOLE | | 23,800 | 0 | 0 |
AMERIPRISE FINL INC | COM | 03076C106 | 2,857 | 14,700 | SH | | SOLE | | 14,700 | 0 | 0 |
ANNALY CAPITAL MANAGEMENT IN | COM | 035710409 | 2,547 | 301,400 | SH | | SOLE | | 301,400 | 0 | 0 |
ANTHEM INC | COM | 036752103 | 2,761 | 8,600 | SH | | SOLE | | 8,600 | 0 | 0 |
ANTERO MIDSTREAM CORP | COM | 03676B102 | 3,242 | 420,500 | SH | | SOLE | | 420,500 | 0 | 0 |
APPLIED MATLS INC | COM | 038222105 | 3,512 | 40,700 | SH | | SOLE | | 40,700 | 0 | 0 |
ARROW ELECTRS INC | COM | 042735100 | 2,812 | 28,900 | SH | | SOLE | | 28,900 | 0 | 0 |
ASSURANT INC | COM | 04621X108 | 2,656 | 19,500 | SH | | SOLE | | 19,500 | 0 | 0 |
AUTONATION INC | COM | 05329W102 | 2,945 | 42,200 | SH | | SOLE | | 42,200 | 0 | 0 |
BOK FINL CORP | COM NEW | 05561Q201 | 2,904 | 42,400 | SH | | SOLE | | 42,400 | 0 | 0 |
BANK NEW YORK MELLON CORP | COM | 064058100 | 2,733 | 64,400 | SH | | SOLE | | 64,400 | 0 | 0 |
BANK OZK | COM | 06417N103 | 3,218 | 102,900 | SH | | SOLE | | 102,900 | 0 | 0 |
BERRY GLOBAL GROUP INC | COM | 08579W103 | 2,506 | 44,600 | SH | | SOLE | | 44,600 | 0 | 0 |
BIOGEN INC | COM | 09062X103 | 2,008 | 8,200 | SH | | SOLE | | 8,200 | 0 | 0 |
BLOCK H & R INC | COM | 093671105 | 2,454 | 154,700 | SH | | SOLE | | 154,700 | 0 | 0 |
BRIGHTHOUSE FINL INC | COM | 10922N103 | 2,864 | 79,100 | SH | | SOLE | | 79,100 | 0 | 0 |
BRISTOL-MYERS SQUIBB CO | COM | 110122108 | 2,394 | 38,600 | SH | | SOLE | | 38,600 | 0 | 0 |
CIGNA CORP NEW | COM | 125523100 | 2,790 | 13,400 | SH | | SOLE | | 13,400 | 0 | 0 |
CNA FINL CORP | COM | 126117100 | 2,817 | 72,300 | SH | | SOLE | | 72,300 | 0 | 0 |
CVS HEALTH CORP | COM | 126650100 | 2,691 | 39,400 | SH | | SOLE | | 39,400 | 0 | 0 |
CARDINAL HEALTH INC | COM | 14149Y108 | 2,587 | 48,300 | SH | | SOLE | | 48,300 | 0 | 0 |
CENTENE CORP DEL | COM | 15135B101 | 2,275 | 37,900 | SH | | SOLE | | 37,900 | 0 | 0 |
LUMEN TECHNOLOGIES INC | COM | 156700106 | 2,005 | 205,600 | SH | | SOLE | | 205,600 | 0 | 0 |
CHANGE HEALTHCARE INC | COM | 15912K100 | 2,887 | 154,800 | SH | | SOLE | | 154,800 | 0 | 0 |
CHEMOURS CO | COM | 163851108 | 2,633 | 106,200 | SH | | SOLE | | 106,200 | 0 | 0 |
CIMAREX ENERGY CO | COM | 171798101 | 3,320 | 88,500 | SH | | SOLE | | 88,500 | 0 | 0 |
CITIGROUP INC | COM NEW | 172967424 | 3,077 | 49,900 | SH | | SOLE | | 49,900 | 0 | 0 |
CITIZENS FINL GROUP INC | COM | 174610105 | 2,950 | 82,500 | SH | | SOLE | | 82,500 | 0 | 0 |
COMMSCOPE HLDG CO INC | COM | 20337X109 | 3,213 | 239,800 | SH | | SOLE | | 239,800 | 0 | 0 |
CONCENTRIX CORP | COM | 20602D101 | 1,717 | 17,400 | SH | | SOLE | | 17,400 | 0 | 0 |
CONCHO RES INC | COM | 20605P101 | 2,754 | 47,200 | SH | | SOLE | | 47,200 | 0 | 0 |
CRANE CO | COM | 224399105 | 3,355 | 43,200 | SH | | SOLE | | 43,200 | 0 | 0 |
D R HORTON INC | COM | 23331A109 | 2,150 | 31,200 | SH | | SOLE | | 31,200 | 0 | 0 |
DXC TECHNOLOGY CO | COM | 23355L106 | 3,077 | 119,500 | SH | | SOLE | | 119,500 | 0 | 0 |
DELL TECHNOLOGIES INC | CL C | 24703L202 | 2,499 | 34,100 | SH | | SOLE | | 34,100 | 0 | 0 |
DIAMONDBACK ENERGY INC | COM | 25278X109 | 3,320 | 68,600 | SH | | SOLE | | 68,600 | 0 | 0 |
DISCOVERY INC | COM SER A | 25470F104 | 2,801 | 93,100 | SH | | SOLE | | 93,100 | 0 | 0 |
EAST WEST BANCORP INC | COM | 27579R104 | 3,377 | 66,600 | SH | | SOLE | | 66,600 | 0 | 0 |
EATON VANCE CORP | COM NON VTG | 278265103 | 3,987 | 58,700 | SH | | SOLE | | 58,700 | 0 | 0 |
EDISON INTL | COM | 281020107 | 2,733 | 43,500 | SH | | SOLE | | 43,500 | 0 | 0 |
EQUITABLE HLDGS INC | COM | 29452E101 | 3,084 | 120,500 | SH | | SOLE | | 120,500 | 0 | 0 |
EQUITRANS MIDSTREAM CORP | COM | 294600101 | 1,975 | 245,700 | SH | | SOLE | | 245,700 | 0 | 0 |
EVERCORE INC | CLASS A | 29977A105 | 3,859 | 35,200 | SH | | SOLE | | 35,200 | 0 | 0 |
EXELON CORP | COM | 30161N101 | 2,677 | 63,400 | SH | | SOLE | | 63,400 | 0 | 0 |
F N B CORP | COM | 302520101 | 3,049 | 320,900 | SH | | SOLE | | 320,900 | 0 | 0 |
FIDELITY NATIONAL FINANCIAL | FNF GROUP COM | 31620R303 | 2,685 | 68,700 | SH | | SOLE | | 68,700 | 0 | 0 |
FIRST HORIZON CORPORATION | COM | 320517105 | 2,987 | 234,100 | SH | | SOLE | | 234,100 | 0 | 0 |
FIRSTENERGY CORP | COM | 337932107 | 2,348 | 76,700 | SH | | SOLE | | 76,700 | 0 | 0 |
FOOT LOCKER INC | COM | 344849104 | 2,532 | 62,600 | SH | | SOLE | | 62,600 | 0 | 0 |
FRANKLIN RESOURCES INC | COM | 354613101 | 2,736 | 109,500 | SH | | SOLE | | 109,500 | 0 | 0 |
GENERAL MTRS CO | COM | 37045V100 | 3,015 | 72,400 | SH | | SOLE | | 72,400 | 0 | 0 |
GILEAD SCIENCES INC | COM | 375558103 | 2,027 | 34,800 | SH | | SOLE | | 34,800 | 0 | 0 |
GLOBE LIFE INC | COM | 37959E102 | 2,592 | 27,300 | SH | | SOLE | | 27,300 | 0 | 0 |
GOLDMAN SACHS GROUP INC | COM | 38141G104 | 3,033 | 11,500 | SH | | SOLE | | 11,500 | 0 | 0 |
GRACE W R & CO DEL NEW | COM | 38388F108 | 2,812 | 51,300 | SH | | SOLE | | 51,300 | 0 | 0 |
GRAFTECH INTL LTD | COM | 384313508 | 3,142 | 294,700 | SH | | SOLE | | 294,700 | 0 | 0 |
HCA HEALTHCARE INC | COM | 40412C101 | 2,730 | 16,600 | SH | | SOLE | | 16,600 | 0 | 0 |
HP INC | COM | 40434L105 | 2,916 | 118,600 | SH | | SOLE | | 118,600 | 0 | 0 |
HANESBRANDS INC | COM | 410345102 | 2,075 | 142,300 | SH | | SOLE | | 142,300 | 0 | 0 |
HANOVER INS GROUP INC | COM | 410867105 | 2,818 | 24,100 | SH | | SOLE | | 24,100 | 0 | 0 |
HARTFORD FINL SVCS GROUP INC | COM | 416515104 | 2,973 | 60,700 | SH | | SOLE | | 60,700 | 0 | 0 |
HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 | 2,814 | 237,500 | SH | | SOLE | | 237,500 | 0 | 0 |
HUNTINGTON BANCSHARES INC | COM | 446150104 | 2,918 | 231,000 | SH | | SOLE | | 231,000 | 0 | 0 |
HUNTINGTON INGALLS INDS INC | COM | 446413106 | 2,625 | 15,400 | SH | | SOLE | | 15,400 | 0 | 0 |
INTEL CORP | COM | 458140100 | 2,262 | 45,400 | SH | | SOLE | | 45,400 | 0 | 0 |
INTERNATIONAL BUSINESS MACHS | COM | 459200101 | 2,291 | 18,200 | SH | | SOLE | | 18,200 | 0 | 0 |
INTERPUBLIC GROUP COS INC | COM | 460690100 | 2,898 | 123,200 | SH | | SOLE | | 123,200 | 0 | 0 |
JABIL INC | COM | 466313103 | 2,981 | 70,100 | SH | | SOLE | | 70,100 | 0 | 0 |
JONES LANG LASALLE INC | COM | 48020Q107 | 3,220 | 21,700 | SH | | SOLE | | 21,700 | 0 | 0 |
KEMPER CORP | COM | 488401100 | 2,535 | 33,000 | SH | | SOLE | | 33,000 | 0 | 0 |
KEYCORP | COM | 493267108 | 2,951 | 179,800 | SH | | SOLE | | 179,800 | 0 | 0 |
LABORATORY CORP AMER HLDGS | COM NEW | 50540R409 | 2,524 | 12,400 | SH | | SOLE | | 12,400 | 0 | 0 |
LENNAR CORP | CL A | 526057104 | 2,226 | 29,200 | SH | | SOLE | | 29,200 | 0 | 0 |
LINCOLN NATL CORP IND | COM | 534187109 | 3,406 | 67,700 | SH | | SOLE | | 67,700 | 0 | 0 |
LIONS GATE ENTMNT CORP | CL A VTG | 535919401 | 2,564 | 225,500 | SH | | SOLE | | 225,500 | 0 | 0 |
LUMENTUM HLDGS INC | COM | 55024U109 | 3,062 | 32,300 | SH | | SOLE | | 32,300 | 0 | 0 |
M & T BK CORP | COM | 55261F104 | 2,826 | 22,200 | SH | | SOLE | | 22,200 | 0 | 0 |
MGIC INVT CORP WIS | COM | 552848103 | 3,016 | 240,300 | SH | | SOLE | | 240,300 | 0 | 0 |
MCKESSON CORP | COM | 58155Q103 | 2,609 | 15,000 | SH | | SOLE | | 15,000 | 0 | 0 |
MERCURY GENL CORP NEW | COM | 589400100 | 2,788 | 53,400 | SH | | SOLE | | 53,400 | 0 | 0 |
METLIFE INC | COM | 59156R108 | 2,826 | 60,200 | SH | | SOLE | | 60,200 | 0 | 0 |
MICRON TECHNOLOGY INC | COM | 595112103 | 3,421 | 45,500 | SH | | SOLE | | 45,500 | 0 | 0 |
MOLSON COORS BEVERAGE CO | CL B | 60871R209 | 2,964 | 65,600 | SH | | SOLE | | 65,600 | 0 | 0 |
MORGAN STANLEY | COM NEW | 617446448 | 3,077 | 44,900 | SH | | SOLE | | 44,900 | 0 | 0 |
NCR CORP NEW | COM | 62886E108 | 4,212 | 112,100 | SH | | SOLE | | 112,100 | 0 | 0 |
NRG ENERGY INC | COM NEW | 629377508 | 2,831 | 75,400 | SH | | SOLE | | 75,400 | 0 | 0 |
NATIONAL FUEL GAS CO N J | COM | 636180101 | 2,209 | 53,700 | SH | | SOLE | | 53,700 | 0 | 0 |
NETAPP INC | COM | 64110D104 | 3,431 | 51,800 | SH | | SOLE | | 51,800 | 0 | 0 |
NEW RESIDENTIAL INVT CORP | COM NEW | 64828T201 | 2,792 | 280,900 | SH | | SOLE | | 280,900 | 0 | 0 |
NEW YORK CMNTY BANCORP INC | COM | 649445103 | 2,712 | 257,100 | SH | | SOLE | | 257,100 | 0 | 0 |
NEXSTAR MEDIA GROUP INC | CL A | 65336K103 | 2,479 | 22,700 | SH | | SOLE | | 22,700 | 0 | 0 |
OLD REP INTL CORP | COM | 680223104 | 3,010 | 152,700 | SH | | SOLE | | 152,700 | 0 | 0 |
OMNICOM GROUP INC | COM | 681919106 | 2,632 | 42,200 | SH | | SOLE | | 42,200 | 0 | 0 |
ONEMAIN HLDGS INC | COM | 68268W103 | 3,405 | 70,700 | SH | | SOLE | | 70,700 | 0 | 0 |
ONEOK INC NEW | COM | 682680103 | 3,120 | 81,300 | SH | | SOLE | | 81,300 | 0 | 0 |
PG&E CORP | COM | 69331C108 | 2,921 | 234,400 | SH | | SOLE | | 234,400 | 0 | 0 |
PPL CORP | COM | 69351T106 | 2,304 | 81,700 | SH | | SOLE | | 81,700 | 0 | 0 |
PACWEST BANCORP DEL | COM | 695263103 | 3,254 | 128,100 | SH | | SOLE | | 128,100 | 0 | 0 |
PARSLEY ENERGY INC | CL A | 701877102 | 3,194 | 224,900 | SH | | SOLE | | 224,900 | 0 | 0 |
PENSKE AUTOMOTIVE GRP INC | COM | 70959W103 | 2,803 | 47,200 | SH | | SOLE | | 47,200 | 0 | 0 |
PEOPLES UNITED FINANCIAL INC | COM | 712704105 | 2,802 | 216,700 | SH | | SOLE | | 216,700 | 0 | 0 |
PILGRIMS PRIDE CORP | COM | 72147K108 | 2,677 | 136,500 | SH | | SOLE | | 136,500 | 0 | 0 |
PINNACLE FINL PARTNERS INC | COM | 72346Q104 | 3,780 | 58,700 | SH | | SOLE | | 58,700 | 0 | 0 |
POPULAR INC | COM NEW | 733174700 | 3,452 | 61,300 | SH | | SOLE | | 61,300 | 0 | 0 |
PRIMERICA INC | COM | 74164M108 | 2,571 | 19,200 | SH | | SOLE | | 19,200 | 0 | 0 |
PRINCIPAL FINANCIAL GROUP IN | COM | 74251V102 | 2,753 | 55,500 | SH | | SOLE | | 55,500 | 0 | 0 |
PROSPERITY BANCSHARES INC | COM | 743606105 | 3,080 | 44,400 | SH | | SOLE | | 44,400 | 0 | 0 |
PRUDENTIAL FINL INC | COM | 744320102 | 2,584 | 33,100 | SH | | SOLE | | 33,100 | 0 | 0 |
PULTE GROUP INC | COM | 745867101 | 2,152 | 49,900 | SH | | SOLE | | 49,900 | 0 | 0 |
QUIDEL CORP | COM | 74838J101 | 2,497 | 13,900 | SH | | SOLE | | 13,900 | 0 | 0 |
QURATE RETAIL INC | COM SER A | 74915M100 | 3,633 | 331,200 | SH | | SOLE | | 331,200 | 0 | 0 |
REGIONS FINANCIAL CORP NEW | COM | 7591EP100 | 3,045 | 188,900 | SH | | SOLE | | 188,900 | 0 | 0 |
REINSURANCE GRP OF AMERICA I | COM NEW | 759351604 | 2,631 | 22,700 | SH | | SOLE | | 22,700 | 0 | 0 |
SLM CORP | COM | 78442P106 | 3,447 | 278,200 | SH | | SOLE | | 278,200 | 0 | 0 |
SCIENCE APPLICATIONS INTL CO | COM | 808625107 | 2,754 | 29,100 | SH | | SOLE | | 29,100 | 0 | 0 |
SIGNATURE BK NEW YORK N Y | COM | 82669G104 | 3,436 | 25,400 | SH | | SOLE | | 25,400 | 0 | 0 |
SIMON PPTY GROUP INC NEW | COM | 828806109 | 2,635 | 30,900 | SH | | SOLE | | 30,900 | 0 | 0 |
SPROUTS FMRS MKT INC | COM | 85208M102 | 2,175 | 108,200 | SH | | SOLE | | 108,200 | 0 | 0 |
STARWOOD PPTY TR INC | COM | 85571B105 | 2,716 | 140,700 | SH | | SOLE | | 140,700 | 0 | 0 |
STATE STR CORP | COM | 857477103 | 2,642 | 36,300 | SH | | SOLE | | 36,300 | 0 | 0 |
STERLING BANCORP DEL | COM | 85917A100 | 3,618 | 201,200 | SH | | SOLE | | 201,200 | 0 | 0 |
SYNNEX CORP | COM | 87162W100 | 1,417 | 17,400 | SH | | SOLE | | 17,400 | 0 | 0 |
SYNCHRONY FINANCIAL | COM | 87165B103 | 2,888 | 83,200 | SH | | SOLE | | 83,200 | 0 | 0 |
TCF FINL CORP | COM | 872307103 | 3,321 | 89,700 | SH | | SOLE | | 89,700 | 0 | 0 |
TAPESTRY INC | COM | 876030107 | 3,953 | 127,200 | SH | | SOLE | | 127,200 | 0 | 0 |
TOLL BROTHERS INC | COM | 889478103 | 2,256 | 51,900 | SH | | SOLE | | 51,900 | 0 | 0 |
TRAVELERS COMPANIES INC | COM | 89417E109 | 2,864 | 20,400 | SH | | SOLE | | 20,400 | 0 | 0 |
TRUIST FINL CORP | COM | 89832Q109 | 2,732 | 57,000 | SH | | SOLE | | 57,000 | 0 | 0 |
TYSON FOODS INC | CL A | 902494103 | 2,275 | 35,300 | SH | | SOLE | | 35,300 | 0 | 0 |
UGI CORP NEW | COM | 902681105 | 2,440 | 69,800 | SH | | SOLE | | 69,800 | 0 | 0 |
UMPQUA HLDGS CORP | COM | 904214103 | 3,070 | 202,800 | SH | | SOLE | | 202,800 | 0 | 0 |
UNITED RENTALS INC | COM | 911363109 | 2,968 | 12,800 | SH | | SOLE | | 12,800 | 0 | 0 |
UNITED THERAPEUTICS CORP DEL | COM | 91307C102 | 3,263 | 21,500 | SH | | SOLE | | 21,500 | 0 | 0 |
UNIVERSAL HLTH SVCS INC | CL B | 913903100 | 2,599 | 18,900 | SH | | SOLE | | 18,900 | 0 | 0 |
UNUM GROUP | COM | 91529Y106 | 2,824 | 123,100 | SH | | SOLE | | 123,100 | 0 | 0 |
VIACOMCBS INC | CL B | 92556H206 | 2,798 | 75,100 | SH | | SOLE | | 75,100 | 0 | 0 |
VIATRIS INC | COM | 92556V106 | 2,665 | 142,200 | SH | | SOLE | | 142,200 | 0 | 0 |
VIRTU FINL INC | CL A | 928254101 | 2,129 | 84,600 | SH | | SOLE | | 84,600 | 0 | 0 |
VISTRA CORP | COM | 92840M102 | 2,432 | 123,700 | SH | | SOLE | | 123,700 | 0 | 0 |
VOYA FINANCIAL INC | COM | 929089100 | 2,817 | 47,900 | SH | | SOLE | | 47,900 | 0 | 0 |
WALGREENS BOOTS ALLIANCE INC | COM | 931427108 | 2,477 | 62,100 | SH | | SOLE | | 62,100 | 0 | 0 |
WEBSTER FINL CORP CONN | COM | 947890109 | 3,532 | 83,800 | SH | | SOLE | | 83,800 | 0 | 0 |
WESTERN ALLIANCE BANCORP | COM | 957638109 | 4,017 | 67,000 | SH | | SOLE | | 67,000 | 0 | 0 |
WESTERN DIGITAL CORP. | COM | 958102105 | 3,290 | 59,400 | SH | | SOLE | | 59,400 | 0 | 0 |
WESTERN UN CO | COM | 959802109 | 2,225 | 101,400 | SH | | SOLE | | 101,400 | 0 | 0 |
WHIRLPOOL CORP | COM | 963320106 | 2,292 | 12,700 | SH | | SOLE | | 12,700 | 0 | 0 |
WINTRUST FINL CORP | COM | 97650W108 | 3,360 | 55,000 | SH | | SOLE | | 55,000 | 0 | 0 |
XEROX HOLDINGS CORP | COM NEW | 98421M106 | 2,748 | 118,500 | SH | | SOLE | | 118,500 | 0 | 0 |
ZIONS BANCORPORATION N A | COM | 989701107 | 3,119 | 71,800 | SH | | SOLE | | 71,800 | 0 | 0 |
FRANKLIN TEMPLETON ETF TR | FTSE JAPAN ETF | 35473P744 | 11,912 | 400,000 | SH | | SOLE | | 400,000 | 0 | 0 |
ISHARES TR | CORE S&P TTL S | 464287150 | 11,640 | 135,000 | SH | | SOLE | | 135,000 | 0 | 0 |
ISHARES TR | MSCI EURO FL E | 464289180 | 6,402 | 365,000 | SH | | SOLE | | 365,000 | 0 | 0 |
ISHARES TR | CORE MSCI EAFE | 46432F842 | 15,200 | 220,000 | SH | | SOLE | | 220,000 | 0 | 0 |
ISHARES INC | CORE MSCI EMKT | 46434G103 | 9,740 | 157,000 | SH | | SOLE | | 157,000 | 0 | 0 |
ISHARES INC | MSCI GBL ETF N | 46434G848 | 10,723 | 291,000 | SH | | SOLE | | 291,000 | 0 | 0 |
SPDR SER TR | S&P BK ETF | 78464A797 | 18,965 | 453,500 | SH | | SOLE | | 453,500 | 0 | 0 |
VANECK VECTORS ETF TR | GOLD MINERS ET | 92189F106 | 4,196 | 116,500 | SH | | SOLE | | 116,500 | 0 | 0 |
VANGUARD WORLD FDS | ENERGY ETF | 92204A306 | 14,002 | 270,000 | SH | | SOLE | | 270,000 | 0 | 0 |
VANGUARD WORLD FDS | INDUSTRIAL ETF | 92204A603 | 8,641 | 50,830 | SH | | SOLE | | 50,830 | 0 | 0 |
ISHARES TR | IBOXX HI YD ET | 464288513 | 177,178 | 2,029,532 | SH | | SOLE | | 2,029,532 | 0 | 0 |
ISHARES TR | BROAD USD HIGH | 46435U853 | 136,588 | 3,310,410 | SH | | SOLE | | 3,310,410 | 0 | 0 |
ISHARES GOLD TRUST | ISHARES | 464285105 | 201,896 | 11,136,000 | SH | | SOLE | | 11,136,000 | 0 | 0 |
SPDR SER TR | RUSSELL LOW VO | 78468R754 | 396,995 | 4,421,863 | SH | | SOLE | | 4,421,863 | 0 | 0 |
SPDR SER TR | RUSSELL MOMENT | 78468R762 | 230,590 | 2,713,457 | SH | | SOLE | | 2,713,457 | 0 | 0 |
SPDR SER TR | RUSSELL YIELD | 78468R770 | 422,236 | 5,617,235 | SH | | SOLE | | 5,617,235 | 0 | 0 |
DBX ETF TR | XTRACK HRVST C | 233051879 | 8,190 | 204,455 | SH | | SOLE | | 204,455 | 0 | 0 |
ISHARES INC | MSCI BRAZIL ET | 464286400 | 63,701 | 1,718,394 | SH | | SOLE | | 1,718,394 | 0 | 0 |
ISHARES TR | RUS 2000 VAL E | 464287630 | 488,098 | 3,704,726 | SH | | SOLE | | 3,704,726 | 0 | 0 |
ISHARES TR | MSCI EURO FL E | 464289180 | 126,135 | 7,191,249 | SH | | SOLE | | 7,191,249 | 0 | 0 |
ISHARES TR | MSCI CHINA ETF | 46429B671 | 5,827 | 71,971 | SH | | SOLE | | 71,971 | 0 | 0 |
ISHARES TR | CORE MSCI EAFE | 46432F842 | 448,417 | 6,490,338 | SH | | SOLE | | 6,490,338 | 0 | 0 |
ISHARES INC | MSCI JPN ETF N | 46434G822 | 49,611 | 734,328 | SH | | SOLE | | 734,328 | 0 | 0 |
KRANESHARES TR | CSI CHI INTERN | 500767306 | 7,906 | 102,952 | SH | | SOLE | | 102,952 | 0 | 0 |
SPDR SER TR | S&P OILGAS EXP | 78468R556 | 150,811 | 2,577,973 | SH | | SOLE | | 2,577,973 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 | 119,228 | 1,647,018 | SH | | SOLE | | 1,647,018 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI INT-FINL | 81369Y605 | 402,934 | 13,668,050 | SH | | SOLE | | 13,668,050 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 | 207,946 | 2,348,351 | SH | | SOLE | | 2,348,351 | 0 | 0 |
VANECK VECTORS ETF TR | GOLD MINERS ET | 92189F106 | 182,023 | 5,053,393 | SH | | SOLE | | 5,053,393 | 0 | 0 |
VANECK VECTORS ETF TR | JR GOLD MINERS | 92189F791 | 312,609 | 5,763,447 | SH | | SOLE | | 5,763,447 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT E | 922042858 | 324,575 | 6,477,257 | SH | | SOLE | | 6,477,257 | 0 | 0 |
VANGUARD INDEX FDS | S&P 500 ETF SH | 922908363 | 213,955 | 622,523 | SH | | SOLE | | 622,523 | 0 | 0 |
VIR BIOTECHNOLOGY INC | COM | 92764N102 | 128,544 | 4,800,000 | SH | | SOLE | | 4,800,000 | 0 | 0 |