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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMC NETWORKS INC CL A 00164V103 371 15,000 SH   DFND 1 15,000 0 0
IHEARTMEDIA INC COM CL A 45174J509 276 34,000 SH   DFND 1 34,000 0 0
NEXSTAR MEDIA GROUP INC CL A 65336K103 764 8,500 SH   DFND 1 8,500 0 0
ISHARES TR IBOXX HI YD ETF 464288513 1,510 18,000 SH   DFND 1 18,000 0 0
SPDR SER TR BLOOMBERG BRCLYS 78468R622 1,616 15,500 SH   DFND 1 15,500 0 0
VANECK VECTORS ETF TR FALLEN ANGEL HG 92189F437 1,874 63,000 SH   DFND 1 63,000 0 0
ISHARES TR MBS ETF 464288588 12,144 110,000 SH   DFND 1 110,000 0 0