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
ISHARES TR CORE S&P TTL STK 464287150 262,792 2,758,976 SH   DFND   0 0 2,758,976
ISHARES TR CORE US AGGBD ET 464287226 730,118 6,483,317 SH   DFND   0 0 6,483,317
ISHARES TR SHRT TRS BD ETF 464288679 599,964 5,432,000 SH   DFND   0 0 5,432,000
SCHWAB STRATEGIC TR US BRD MKT ETF 808524102 236,954 4,710,824 SH   DFND   0 0 4,710,824
VANGUARD BD INDEX FD INC INTERMED TERM 921937819 119,112 1,352,470 SH   DFND   0 0 1,352,470
VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 202,299 2,495,672 SH   DFND   0 0 2,495,672
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 2,772,670 32,890,516 SH   DFND   0 0 32,890,516
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 748,545 21,169,263 SH   DFND   0 0 21,169,263
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 218,202 5,092,237 SH   DFND   0 0 5,092,237
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 167,418 4,752,152 SH   DFND   0 0 4,752,152
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 1,001,333 5,209,850 SH   DFND   0 0 5,209,850
VANGUARD INDEX FDS MID CAP ETF 922908629 223,606 1,808,676 SH   DFND   0 0 1,808,676
VANGUARD INDEX FDS SMALL CP ETF 922908751 106,201 918,061 SH   DFND   0 0 918,061
VANGUARD INDEX FDS TOTAL STK MKT 922908769 1,462,992 13,652,411 SH   DFND   0 0 13,652,411
VANGUARD SCOTTSDALE FDS MORTG-BACK SEC 92206C771 159,822 2,967,911 SH   DFND   0 0 2,967,911