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
CIBUS INC CL A COM STK 17166A101   129,000 100,000 SH   DFND 1 100,000 0 0
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   6,864,000 400,000 SH   DFND 1 400,000 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107   2,345,300 75,000 SH   DFND 1 75,000 0 0
IHEARTMEDIA INC COM CL A 45174J509   1,865,500 650,000 SH   DFND 1 650,000 0 0
INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 46137V357   15,176,000 80,000 SH   DFND 1 80,000 0 0
ISHARES INC CORE MSCI EMKT 46434G103   988,800 15,000 SH   SOLE   15,000 0 0
ISHARES TR 20 YR TR BD ETF 464287432   5,183,500 58,000 SH   SOLE   58,000 0 0
ISHARES TR MSCI EAFE ETF 464287465   9,337,000 100,000 SH   DFND 1 100,000 0 0
ISHARES TR MSCI EAFE ETF 464287465   653,600 7,000 SH   SOLE   7,000 0 0
ISHARES TR CHINA LG-CAP ETF 464287184   3,291,200 80,000 SH   DFND 1 80,000 0 0
ISHARES TR 20 YR TR BD ETF 464287432   7,149,600 80,000 SH   DFND 1 80,000 0 0
ISHARES TR CORE S&P500 ETF 464287200   11,378,100 17,000 SH   SOLE   17,000 0 0
MPLX LP COM UNIT REP LTD 55336V100   6,993,000 140,000 SH   DFND 1 140,000 0 0
NUVEEN MUN VALUE FD INC COM 670928100   8,980,000 1,000,000 SH   DFND 1 1,000,000 0 0
PACER FDS TR US CASH COWS 100 69374H881   5,747,000 100,000 SH   DFND 1 100,000 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886   5,668,700 65,000 SH   DFND 1 65,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   36,306,800 54,500 SH   SOLE   54,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   23,316,300 35,000 SH   DFND 1 35,000 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611   7,304,900 35,000 SH   DFND 1 35,000 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775   5,210,100 73,000 SH   SOLE   73,000 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775   23,909,000 335,000 SH   DFND 1 335,000 0 0
WW INTL INC COM NEW 98262P200   547,200 20,000 SH   DFND 1 20,000 0 0