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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AERCAP HOLDINGS NV SHS N00985106   680,459 7,109 SH   SOLE   7,109 0 0
COPA HOLDINGS SA CL A P31076105   623,903 7,114 SH   SOLE   7,114 0 0
ALASKA AIR GROUP INC COM 011659109   1,105,098 17,080 SH   SOLE   17,080 0 0
GOLDMAN SACHS BDC INC SHS 38147U107   1,216,000 100,000 SH   SOLE   100,000 0 0
GRUPO AEROPORTUARIO DEL SURE SPON ADR SER B 40051E202   320,904 1,246 SH   SOLE   1,246 0 0
ISHARES TR MSCI ACWI ETF 464288257   21,630,903 181,300 SH   SOLE   181,300 0 0
ISHARES TR JPMORGAN USD EMG 464288281   8,658,518 96,700 SH   SOLE   96,700 0 0
ISHARES TR IBOXX HI YD ETF 464288513   8,693,090 109,900 SH   SOLE   109,900 0 0
ISHARES TR US TREAS BD ETF 46429B267   4,324,504 192,800 SH   SOLE   192,800 0 0
JETBLUE AWYS CORP COM 477143101   891,492 113,622 SH   SOLE   113,622 0 0
SUN CTRY AIRLS HLDGS INC COM 866683105   375,889 25,811 SH   SOLE   25,811 0 0
UNITED AIRLS HLDGS INC COM 910047109   910,430 9,386 SH   SOLE   9,386 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   73,583,552 134,382 SH   SOLE   134,382 0 0