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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Xtrackers Low Beta High Yield Bond ETF ETF 233051267   163,413,840 3,544,000 SH   DFND 1 2 3,544,000 0 0
Xtrackers USD High Yield Corporate Bond ETF ETF 233051432   10,124,924 284,808 SH   DFND 1 2 284,808 0 0
ishares Russell Mid-Cap Growth ETF ETF 464287481   78,840,976 754,748 SH   DFND 1 2 754,748 0 0
iShares 5-10 Year Investment Grade Corporate Bond ETF ETF 464288638   39,060,268 751,159 SH   DFND 1 2 751,159 0 0
iShares 1-5 Year Investment Grade Corporate Bond ETF ETF 464288646   34,382,092 670,543 SH   DFND 1 2 670,543 0 0
XTRACKERS USD HIGH YIELD CORPORATE BOND ETF ETF 23306X878   625,183,400 11,605,000 SH   DFND 1 2 11,605,000 0 0
TIDEWATER INC NEW COM 88642R109   8,640,004 119,817 SH   DFND 1 2 119,817 0 0
Vanguard Short-Term Corporate Bond ETF ETF 92206C409   323,483,970 4,181,000 SH   DFND 1 2 4,181,000 0 0
Vanguard Intermediate-Term Corporate Bond ETF ETF 92206C870   86,319,360 1,062,000 SH   DFND 1 2 1,062,000 0 0