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
SPDR S&P 500 ETF TR TR UNIT 78462F103 89,971 360,000 SH   DFND   360,000 0 0
ISHARES TR CORE S&P500 ETF 464287200 196,256 780,000 SH   DFND   780,000 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 172,771 1,120,000 SH   DFND   1,120,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 40,170 300,000 SH   DFND   300,000 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 178,682 1,400,000 SH   DFND   1,400,000 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 229,810 1,000,000 SH   DFND   1,000,000 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506 37,278 650,000 SH   DFND   650,000 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 86,309 1,340,000 SH   DFND   1,340,000 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 133,664 1,350,000 SH   DFND   1,350,000 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 130,158 2,100,000 SH   DFND   2,100,000 0 0
ISHARES TR RUS 1000 GRW ETF 464287614 133,528 1,020,000 SH   DFND   1,020,000 0 0
ISHARES TR RUS 1000 VAL ETF 464287598 44,420 400,000 SH   DFND   400,000 0 0
ISHARES INC MSCI PAC JP ETF 464286665 24,420 600,000 SH   DFND   600,000 0 0
ISHARES TR MSCI AC ASIA ETF 464288182 60,989 960,000 SH   DFND   960,000 0 0
ISHARES INC MSCI MEXICO ETF 464286822 12,354 300,000 SH   DFND   300,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 30,313 250,000 SH   DFND   250,000 0 0
CME GROUP INC COM CL A 12572Q105 19,286 102,518 SH   DFND   102,517 0 0
AFLAC INC COM 001055102 136,680 3,000,000 SH   DFND   30,000,000 0 0