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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ISHARES TR IBOXX HI YD ETF 464288513   834,367,268 10,390,626 SH   SOLE   10,390,626 0 0
ISHARES TR ISHS 5-10YR INVT 464288638   388,795,707 7,237,448 SH   SOLE   7,237,448 0 0
ISHARES TR ISHS 1-5YR INVS 464288646   811,442,574 15,409,088 SH   SOLE   15,409,088 0 0
ISHARES TR CORE S&P500 ETF 464287200   137,377,758 238,164 SH   SOLE   238,164 0 0
SPDR SER TR BLOOMBERG HIGH Y 78468R622   377,279,101 3,858,054 SH   SOLE   3,858,054 0 0
ISHARES TR IBOXX INV CP ETF 464287242   1,559,852,721 13,806,450 SH   SOLE   13,806,450 0 0
SCHWAB STRATEGIC TR US DIVIDEND EQ 808524797   219,254,168 2,593,803 SH   SOLE   2,593,803 0 0
ISHARES TR 0-5YR HI YL CP 46434V407   220,160,806 5,070,493 SH   SOLE   5,070,493 0 0
ISHARES TR BROAD USD HIGH 46435U853   419,050,411 11,130,157 SH   SOLE   11,130,157 0 0
ISHARES TR USD INV GRDE ETF 464288620   380,380,072 7,234,311 SH   SOLE   7,234,311 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870   917,062,500 10,950,000 SH   SOLE   10,950,000 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409   1,161,109,758 14,619,866 SH   SOLE   14,619,866 0 0
VANGUARD INDEX FDS VALUE ETF 922908744   138,365,928 792,610 SH   SOLE   792,610 0 0