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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
DBX ETF TR XTRACK USD HIGH 233051432   56,235,000 1,630,000 SH   SOLE   1,630,000 0 0
INVESCO EXCH TRADED FD TR II SR LN ETF 46138G508   28,193,600 1,340,000 SH   SOLE   1,340,000 0 0
INVESCO QQQ TR UNIT SER 1 46090E103   421,454,285 1,140,854 SH   SOLE   1,140,854 0 0
ISHARES TR RUS 1000 GRW ETF 464287614   50,633,120 184,000 SH   SOLE   184,000 0 0
ISHARES TR BROAD USD HIGH 46435U853   84,720,000 2,400,000 SH   SOLE   2,400,000 0 0
ISHARES TR ISHS 1-5YR INVS 464288646   46,658,100 930,000 SH   SOLE   930,000 0 0
ISHARES TR IBOXX HI YD ETF 464288513   98,341,700 1,310,000 SH   SOLE   1,310,000 0 0
ISHARES TR 0-5YR HI YL CP 46434V407   56,372,000 1,360,000 SH   SOLE   1,360,000 0 0
SPDR SER TR BLOOMBERG HIGH Y 78468R622   112,276,600 1,220,000 SH   SOLE   1,220,000 0 0
SSGA ACTIVE ETF TR BLACKSTONE SENR 78467V608   28,052,900 670,000 SH   SOLE   670,000 0 0
VANECK ETF TRUST FALLEN ANGEL HG 92189F437   28,325,400 1,020,000 SH   SOLE   1,020,000 0 0
VANGUARD INDEX FDS GROWTH ETF 922908736   50,763,024 179,400 SH   SOLE   179,400 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   403,858,848 991,600 SH   SOLE   991,600 0 0
VANGUARD WORLD FD MEGA GRWTH IND 921910816   50,758,524 215,700 SH   SOLE   215,700 0 0