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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

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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ISHARES TR MSCI EAFE ETF 464287465 66,240 900,000 SH   SOLE   900,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513 50,200 610,000 SH   SOLE   610,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 27,210 225,000 SH   SOLE   225,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 105,200 2,330,000 SH   SOLE   2,330,000 0 0
SPDR INDEX SHS FDS GLB NAT RESRCE 78463X541 102,960 1,640,000 SH   SOLE   1,640,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 230,760 510,936 SH   SOLE   510,936 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 251,410 1,428,976 SH   SOLE   1,428,976 0 0
ISHARES TR MSCI ACWI ETF 464288257 94,790 950,000 SH   SOLE   950,000 0 0
ISHARES TR ISHARES BIOTECH 464287556 29,710 228,000 SH   SOLE   228,000 0 0