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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
OMB APPROVAL
OMB Number: 3235-0006
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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   804,130,546 10,390,626 SH   SOLE   10,390,626 0 0
ISHARES TR ISHS 5-10YR INVT 464288638   376,347,296 7,237,448 SH   SOLE   7,237,448 0 0
ISHARES TR ISHS 1-5YR INVS 464288646   790,100,987 15,409,088 SH   SOLE   15,409,088 0 0
ISHARES TR CORE S&P500 ETF 464287200   506,891,524 1,061,264 SH   SOLE   1,061,264 0 0
SPDR SER TR BLOOMBERG HIGH Y 78468R622   365,473,455 3,858,054 SH   SOLE   3,858,054 0 0
ISHARES TR IBOXX INV CP ETF 464287242   1,527,821,757 13,806,450 SH   SOLE   13,806,450 0 0
ISHARES TR 0-5YR HI YL CP 808524797   73,846,100 970,000 SH   SOLE   970,000 0 0
ISHARES TR BROAD USD HIGH 46434V407   214,076,214 5,070,493 SH   SOLE   5,070,493 0 0
ISHARES TR USD INV GRDE ETF 46435U853   404,581,207 11,130,157 SH   SOLE   11,130,157 0 0
VANGUARD SCOTTSDALE FDS INT-TERM CORP 464288620   370,830,782 7,234,311 SH   SOLE   7,234,311 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C870   1,891,563,116 23,272,184 SH   SOLE   23,272,184 0 0
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409   1,830,372,883 23,657,398 SH   SOLE   23,657,398 0 0