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

OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8

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 IBOXX INV CP ETF 464287242 200,383 1,749,000 SH   SOLE   1,749,000 0 0
ISHARES TR JP MOR EM MK ETF 464288281 226,779 2,124,000 SH   SOLE   2,124,000 0 0
ISHARES IBOXX HI YD ETF 464288513 73,424 863,000 SH   SOLE   863,000 0 0
ISHARES TR U.S. PFD STK ETF 464288687 316,198 8,385,000 SH   SOLE   8,385,000 0 0
INVESCO EXCHNG TRADED FD TR SR LN ETF 46138G508 329,989 14,410,000 SH   SOLE   14,410,000 0 0
SPDR SERIES TRUST BLOOMBERG BRCLYS 78464A417 48,608 1,370,000 SH   SOLE   1,370,000 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 265,594 3,180,000 SH   SOLE   3,180,000 0 0
SSGA ACTIVE ETF TR BLKSTN GSOSRLN 78467V608 99,248 2,113,000 SH   SOLE   2,113,000 0 0