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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
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870   1,768,220,540 23,272,184 SH   SOLE   23,272,184 0 0
ISHARES TR 0-5YR HI YL CP 46434V407   208,042,328 5,070,493 SH   SOLE   5,070,493 0 0
ISHARES TR CORE S&P500 ETF 464287200   422,672,490 984,264 SH   SOLE   984,264 0 0
ISHARES TR IBOXX INV CP ETF 464287242   1,408,534,029 13,806,450 SH   SOLE   13,806,450 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409   1,777,853,460 23,657,398 SH   SOLE   23,657,398 0 0
ISHARES TR ISHS 5-10YR INVT 464288638   352,101,845 7,237,448 SH   SOLE   7,237,448 0 0
ISHARES TR BROAD USD HIGH 46435U853   386,327,749 11,130,157 SH   SOLE   11,130,157 0 0
ISHARES TR USD INV GRDE ETF 464288620   347,753,330 7,234,311 SH   SOLE   7,234,311 0 0
ISHARES TR ISHS 1-5YR INVS 464288646   1,062,871,957 21,329,961 SH   SOLE   21,329,961 0 0
ISHARES TR IBOXX HI YD ETF 464288513   765,996,949 10,390,626 SH   SOLE   10,390,626 0 0
SPDR SER TR BLOOMBERG HIGH Y 78468R622   348,768,082 3,858,054 SH   SOLE   3,858,054 0 0