Portfolio Holdings as of 2/29/2020
| Ticker | Cusip | Description | Shares | Market Value | % of Portfolio |
| VCR | 92204A108 | Vanguard Consumer Di scretionary ETF | 25,000.000 | $4,430,750.00 | 18.74% |
| VDC | 92204A207 | Vanguard Consumer St aples ETF | 25,000.000 | $3,683,500.00 | 15.58% |
| PPA | 46137V100 | Invesco Aerospace & Defense ETF | 50,000.000 | $3,175,500.00 | 13.43% |
| VGT | 92204A702 | Vanguard Information Technology ETF | 12,000.000 | $2,827,800.00 | 11.96% |
| VNQ | 922908553 | VANGUARD REAL ESTATE ETF | 28,000.000 | $2,445,240.00 | 10.34% |
| SPY | 78462F103 | SPDR S&P 500 ETF Tru st | 8,000.000 | $2,370,080.00 | 10.03% |
| VOX | 92204A884 | Vanguard Communication Servic | 15,000.000 | $1,337,850.00 | 5.66% |
| XLY | 81369Y407 | Consumer Discretiona ry Select Sector SPD | 11,000.000 | $1,274,130.00 | 5.39% |
| VFH | 92204A405 | Vanguard Financials ETF | 17,000.000 | $1,123,870.00 | 4.75% |
| FISXX | 316175504 | Fidelity Investments Money Market Funds | 969,160.920 | $969,160.92 | 4.10% |
| Totals | 1,160,160.920 | $23,637,880.92 | |||