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

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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
EATON VANCE LTD DUR INCOME F COM 27828H105 1,960 139,700 SH   DFND 2 139,700 0 0
HIGHLAND FDS I HI LD IBOXX SRLN 430101774 5,662 309,401 SH   DFND 2 309,401 0 0
ISHARES TR MSCI ACWI ETF 464288257 3,831 55,663 SH   DFND 1 55,663 0 0
ISHARES TR MSCI ACWI EX US 464288240 3,817 78,945 SH   DFND 1 78,945 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 3,775 84,246 SH   DFND 1 84,246 0 0
ISHARES TR MSCI EAFE ETF 464287465 3,829 55,920 SH   DFND 1 55,920 0 0
ISHARES TR CORE S&P500 ETF 464287200 3,835 15,162 SH   DFND 1 15,162 0 0
ISHARES TR RUS 1000 ETF 464287622 3,836 27,424 SH   DFND 1 27,424 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 3,926 26,495 SH   DFND 1 26,495 0 0
ISHARES TR RUS MID-CAP ETF 464287499 3,851 19,534 SH   DFND 1 19,534 0 0
ISHARES TR U.S. REAL ES ETF 464287739 3,817 47,781 SH   DFND 1 47,781 0 0
ISHARES TR EAFE SML CP ETF 464288273 3,856 62,201 SH   DFND 1 62,201 0 0
ISHARES TR U.S. PFD STK ETF 464288687 4,153 107,000 SH   DFND 2 107,000 0 0
POWERSHARES ETF TR II PFD PORTFOLIO 73936T565 1,804 120,000 SH   DFND 2 120,000 0 0
SPDR SER TR BLOOMBERG SRT 78468R408 6,293 225,000 SH   DFND 2 225,000 0 0