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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
SPDR SER TR BLOMBERG BRC INV 78468R200 78,453 2,565,513 SH   DFND   0 0 2,565,513
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 78,405 946,351 SH   DFND   0 0 946,351
SPDR SP 500 ETF TR TR UNIT 78462F103 75,531 225,540 SH   DFND   0 0 225,540
ISHARES TR FLTG RATE NT ETF 46429B655 35,330 696,569 SH   DFND   0 0 696,569
INVESCO QQQ TR UNIT SER 1 46090E103 26,174 94,206 SH   DFND   0 0 94,206
SPDR SER TR PRTFLO SP500 GW 78464A409 26,174 522,322 SH   DFND   0 0 522,322
SPDR SER TR BLOMBERG BRC INV 78468R200 457 14,948 SH   SOLE   0 0 14,948
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 709 8,559 SH   SOLE   0 0 8,559
ISHARES TR BARCLAYS 7 10 YR 464287440 2,924 24,361 SH   SOLE   0 0 24,361
ISHARES TR US TREAS BD ETF 46429B267 1,464 52,886 SH   SOLE   0 0 52,886
SPDR GOLD TR GOLD SHS 78463V107 2,534 14,666 SH   SOLE   0 0 14,666
SPDR SER TR PORTFOLIO LN TSR 78464A664 1,448 31,793 SH   SOLE   0 0 31,793