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
XTRACKERS LOW BETA HIGH YIELD BOND ETF ETF 233051267 1,001,242 19,799,282 SH   DFND 1 2 19,799,282 0 0
XTRACKERS USD HIGH YIELD CORPORATE BOND ETF ETF 233051432 648,805 16,285,256 SH   DFND 1 2 16,285,256 0 0
ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF ETF 464287242 4,161 31,401 SH   DFND 1 2 31,401 0 0
ISHARES RUSSELL MID-CAP VALUE ETF ETF 464287473 23,816 194,604 SH   DFND 1 2 194,604 0 0
ISHARES RUSSELL MID-CAP GROWTH ETF ETF 464287481 220,452 1,913,318 SH   DFND 1 2 1,913,318 0 0
ISHARES RUSSELL 3000 ETF ETF 464287689 87,110 313,911 SH   DFND 1 2 313,911 0 0
ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF ETF 464288638 19,331 326,159 SH   DFND 1 2 326,159 0 0
ISHARES 1-5 YEAR INVESTMENT GRADE CORPORATE BOND ETF ETF 464288646 26,161 485,543 SH   DFND 1 2 485,543 0 0
VANGUARD S&P500 ETF ETF 922908363 4,261 9,760 SH   DFND 1 2 9,760 0 0
ISHARES IBONDS DEC 2023 TERM CORPORATE ETF ETF 46434VAX8 1,284 50,000 SH   DFND 1 2 50,000 0 0
ISHARES IBONDS DEC 2022 TERM CORPORATE ETF ETF 46434VBA7 1,006 40,000 SH   DFND 1 2 40,000 0 0
ISHARES IBONDS DEC 2024 TERM CORPORATE ETF ETF 46434VBG4 1,297 50,000 SH   DFND 1 2 50,000 0 0
TIDEWATER INC COM 88642R109 1,283 119,817 SH   DFND 1 2 119,817 0 0
VANGUARD SHORT-TERM CORPORATE BOND ETF ETF 92206C409 236,629 2,912,000 SH   DFND 1 2 2,912,000 0 0
VANGUARD INTERMEDIATE TERM CORPORATE BOND ETF ETF 92206C870 543,288 5,856,916 SH   DFND 1 2 5,856,916 0 0