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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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 IBOXX INV CPBD 464287242 30,553,726 252,531 SH   SOLE   252,531 0 0
ISHARES TR JPMORGAN USD 464288281 10,974,970 89,380 SH   SOLE   89,380 0 0
ISHARES TR HIGH YIELD CORP 464288513 10,465,562 112,111 SH   SOLE   112,111 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 99,619,836 2,827,699 SH   SOLE   2,827,699 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 83,439,379 1,873,779 SH   SOLE   1,873,779 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 188,239,685 2,568,773 SH   SOLE   2,568,773 0 0