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
AMERICAN WATER WORKS CO INC COM 030420103 5,197 44,800 SH   DFND   44,800 0 0
TE CONNECTIVITY LTD REG SHS H84989104 1,226 12,800 SH   DFND   12,800 0 0
FORTIVE CORP COM 34959J108 2,478 30,400 SH   DFND   30,400 0 0
AMAZON.COM INC COM 023135106 3,390 1,790 SH   DFND   1,790 0 0
GENERAL ELECTRIC CO COM 369604103 1,208 115,000 SH   DFND   115,000 0 0
APPLE INC COM 037833100 1,880 9,500 SH   DFND   9,500 0 0
AMERICAN EXPRESS CO COM 025816109 3,456 28,000 SH   DFND   28,000 0 0
INGEVITY CORP COM 45688C107 2,061 19,600 SH   DFND   19,600 0 0
EXLSERVICE HOLDINGS INC COM 302081104 1,455 22,000 SH   DFND   22,000 0 0
CACI INTERNATIONAL INC -CL A CL A 127190304 1,637 8,000 SH   DFND   8,000 0 0
EL POLLO LOCO HOLDINGS INC COM 268603107 533 50,000 SH   DFND   50,000 0 0
MGP INGREDIENTS INC COM 55303J106 836 12,600 SH   DFND   12,600 0 0
FACTSET RESEARCH SYSTEMS INC COM 303075105 630 2,200 SH   DFND   2,200 0 0
ANI PHARMACEUTICALS INC COM 00182C103 1,069 13,000 SH   DFND   13,000 0 0
ISHARES CORE US REIT ETF ISHARES 464288521 181,030 32,300 SH   DFND   32,300 0 0
ISHARES MSCI EMERGING MARKET ISHARES 464287234 66,573 14,400 SH   DFND   14,400 0 0
ISHARES EDGE MSCI MIN VOL EM ISHARES 464286533 69,123 10,900 SH   DFND   10,900 0 0
MICROSOFT CORP COM 594918104 4,113 30,700 SH   DFND   30,700 0 0
NUTRIEN LTD COM 67077M108 1,538 28,760 SH   DFND   28,760 0 0
MONDELEZ INTERNATIONAL INC-A COM 609207105 2,113 39,200 SH   DFND   39,200 0 0
PROCTER & GAMBLE CO/THE COM 742718109 3,838 35,000 SH   DFND   35,000 0 0
SUPERNUS PHARMACEUTICALS INC COM 868459108 745 22,500 SH   DFND   22,500 0 0
FEDERAL SIGNAL CORP COM 313855108 1,418 53,000 SH   DFND   53,000 0 0
PS BUSINESS PARKS INC/CA COM 69360J107 2,292 13,600 SH   DFND   13,600 0 0
AMEDISYS INC COM 023436108 996 8,200 SH   DFND   8,200 0 0
J & J SNACK FOODS CORP COM 466032109 1,770 11,000 SH   DFND   11,000 0 0
ISHARES JP MORGAN USD EMERGI ISHARES 464288281 385,705 31,600 SH   DFND   31,600 0 0
ISHARES MSCI KOKUSAI ETF ISHARES 464288265 530,708 72,700 SH   DFND   72,700 0 0
ISHARES CORE US REIT ETF ISHARES 464288521 72,300 12,900 SH   DFND   12,900 0 0
ISHARES EDGE MSCI MIN VOL EM ISHARES 464286533 17,122 2,700 SH   DFND   2,700 0 0
BURLINGTON STORES INC COM 122017106 3,063 18,000 SH   DFND   18,000 0 0
WALT DISNEY CO/THE COM DISNEY 254687106 3,351 24,000 SH   DFND   24,000 0 0
INTUITIVE SURGICAL INC COM 46120E602 2,885 5,500 SH   DFND   5,500 0 0
UNITEDHEALTH GROUP INC COM 91324P102 1,659 6,800 SH   DFND   6,800 0 0
ZSCALER INC COM 98980G102 1,839 24,000 SH   DFND   24,000 0 0
OLLIE'S BARGAIN OUTLET HOLDI COM 681116109 1,307 15,000 SH   DFND   15,000 0 0
SERVICE CORP INTERNATIONAL COM 817565104 1,067 22,800 SH   DFND   22,800 0 0
EPLUS INC COM 294268107 896 13,000 SH   DFND   13,000 0 0
WRIGHT MEDICAL GROUP NV NOTE 98236JAB4 2,982 100,000 SH   DFND   100,000 0 0
ALEXION PHARMACEUTICALS INC COM 015351109 2,489 19,000 SH   DFND   19,000 0 0
S&P GLOBAL INC COM 78409V104 2,733 12,000 SH   DFND   12,000 0 0
NORWEGIAN CRUISE LINE HOLDIN SHS G66721104 2,714 50,600 SH   DFND   50,600 0 0
ILLUMINA INC COM 452327109 4,234 11,500 SH   DFND   11,500 0 0
T-MOBILE US INC COM 872590104 3,262 44,000 SH   DFND   44,000 0 0
STEWART INFORMATION SERVICES COM 860372101 1,773 43,795 SH   DFND   43,795 0 0
ACADIA HEALTHCARE CO INC COM 00404A109 769 22,000 SH   DFND   22,000 0 0
COSTCO WHOLESALE CORP COM 22160K105 2,378 9,000 SH   DFND   9,000 0 0
EXXON MOBIL CORP COM 30231G102 2,215 28,900 SH   DFND   28,900 0 0
SCHLUMBERGER LTD COM 806857108 1,590 40,000 SH   DFND   40,000 0 0
FACEBOOK INC-CLASS A CL A 30303M102 3,088 16,000 SH   DFND   16,000 0 0
EOG RESOURCES INC COM 26875P101 932 10,000 SH   DFND   10,000 0 0
INTUIT INC COM 461202103 2,875 11,000 SH   DFND   11,000 0 0
CHUBB LTD COM H1467J104 3,093 21,000 SH   DFND   21,000 0 0
CISCO SYSTEMS INC COM 17275R102 2,408 44,000 SH   DFND   44,000 0 0
MEDIFAST INC COM 58470H101 834 6,500 SH   DFND   6,500 0 0
JETBLUE AIRWAYS CORP COM 477143101 706 38,200 SH   DFND   38,200 0 0
LANCASTER COLONY CORP COM 513847103 773 5,200 SH   DFND   5,200 0 0
PGT INNOVATIONS INC COM 69336V101 1,404 84,000 SH   DFND   84,000 0 0
POOL CORP COM 73278L105 955 5,000 SH   DFND   5,000 0 0
EVERTEC INC COM 30040P103 1,341 41,000 SH   DFND   41,000 0 0
DOLLAR GENERAL CORP COM 256677105 3,987 29,500 SH   DFND   29,500 0 0
AON PLC SHS CL A G0408V102 3,281 17,000 SH   DFND   17,000 0 0
EASTGROUP PROPERTIES INC COM 277276101 1,264 10,900 SH   DFND   10,900 0 0
BOYD GAMING CORP COM 103304101 1,158 43,000 SH   DFND   43,000 0 0
ATMOS ENERGY CORP COM 049560105 475 4,500 SH   DFND   4,500 0 0
SPROUTS FARMERS MARKET INC COM 85208M102 246 13,000 SH   DFND   13,000 0 0
ISHARES JP MORGAN USD EMERGI ISHARES 464288281 158,676 13,000 SH   DFND   13,000 0 0
ALPHABET INC-CL A COM 02079K305 2,707 2,500 SH   DFND   2,500 0 0
EXELON CORP COM 30161N101 2,148 44,800 SH   DFND   44,800 0 0
REPUBLIC SERVICES INC COM 760759100 3,639 42,000 SH   DFND   42,000 0 0
SQUARE INC - A CL A 852234103 1,958 27,000 SH   DFND   27,000 0 0
BROADRIDGE FINANCIAL SOLUTIO COM 11133T103 3,575 28,000 SH   DFND   28,000 0 0
ISHARES US TREASURY BOND ETF ISHARES 46429B267 461,697 166,000 SH   DFND   166,000 0 0
INTL FLAVORS & FRAGRANCES COM 459506101 3,845 26,500 SH   DFND   26,500 0 0
JPMORGAN CHASE & CO COM 46625H100 2,795 25,000 SH   DFND   25,000 0 0
ALTRIA GROUP INC COM 02209S103 1,648 34,800 SH   DFND   34,800 0 0
AMPHENOL CORP-CL A COM 032095101 2,293 23,900 SH   DFND   23,900 0 0
XYLEM INC COM 98419M100 3,195 38,200 SH   DFND   38,200 0 0
SALESFORCE.COM INC COM 79466L302 2,731 18,000 SH   DFND   18,000 0 0
BARNES GROUP INC COM 067806109 563 10,000 SH   DFND   10,000 0 0
BOTTOMLINE TECHNOLOGIES (DE) COM 101388106 841 19,000 SH   DFND   19,000 0 0
INTEGRA LIFESCIENCES HOLDING COM 457985208 1,474 26,400 SH   DFND   26,400 0 0
MONOLITHIC POWER SYSTEMS INC COM 609839105 842 6,200 SH   DFND   6,200 0 0
WEBSTER FINANCIAL CORP COM 947890109 812 17,000 SH   DFND   17,000 0 0
ISHARES US TREASURY BOND ETF ISHARES 46429B267 5,039,730 1,812,000 SH   DFND   1,812,000 0 0
ISHARES MSCI KOKUSAI ETF ISHARES 464288265 1,355,606 185,700 SH   DFND   185,700 0 0
ISHARES MSCI EMERGING MARKET ISHARES 464287234 17,568 3,800 SH   DFND   3,800 0 0