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
3M CO COM 88579Y101 3,789 16,100 SH   DFND 1 16,100 0 0
ABBVIE INC COM 00287Y109 2,321 24,000 SH   DFND 1 24,000 0 0
ALPHABET INC CAP STK CL A 02079K305 4,846 4,600 SH   DFND 1 4,600 0 0
AMAZON COM INC COM 023135106 8,596 7,350 SH   DFND 1 7,350 0 0
APPLE INC COM 037833100 8,817 52,100 SH   DFND 1 52,100 0 0
AT&T INC COM 00206R102 2,022 52,000 SH   DFND 1 52,000 0 0
AUTOZONE INC COM 053332102 2,312 3,250 SH   DFND 1 3,250 0 0
BANK AMER CORP COM 060505104 3,690 125,000 SH   DFND 1 125,000 0 0
BECTON DICKINSON & CO COM 075887109 4,559 21,300 SH   DFND 1 21,300 0 0
BLACKROCK INC COM 09247X101 3,930 7,650 SH   DFND 1 7,650 0 0
CHEVRON CORP NEW COM 166764100 3,580 28,600 SH   DFND 1 28,600 0 0
CITIGROUP INC COM NEW 172967424 3,348 45,000 SH   DFND 1 45,000 0 0
COCA COLA CO COM 191216100 3,193 69,600 SH   DFND 1 69,600 0 0
CVS HEALTH CORP COM 126650100 1,573 21,700 SH   DFND 1 21,700 0 0
DISNEY WALT CO COM DISNEY 254687106 3,043 28,300 SH   DFND 1 28,300 0 0
DOLLAR GEN CORP NEW COM 256677105 1,535 16,500 SH   DFND 1 16,500 0 0
DOWDUPONT INC COM 26078J100 2,301 32,306 SH   DFND 1 32,306 0 0
EATON CORP PLC SHS G29183103 1,620 20,500 SH   DFND 1 20,500 0 0
EMERSON ELEC CO COM 291011104 2,418 34,700 SH   DFND 1 34,700 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 1,351 18,100 SH   DFND 1 18,100 0 0
EXXON MOBIL CORP COM 30231G102 4,040 48,300 SH   DFND 1 48,300 0 0
FACEBOOK INC CL A 30303M102 5,894 33,400 SH   DFND 1 33,400 0 0
FEDEX CORP COM 31428X106 3,993 16,000 SH   DFND 1 16,000 0 0
GILEAD SCIENCES INC COM 375558103 1,755 24,500 SH   DFND 1 24,500 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,318 9,100 SH   DFND 1 9,100 0 0
HONEYWELL INTL INC COM 438516106 3,236 21,100 SH   DFND 1 21,100 0 0
INTUIT COM 461202103 2,840 18,000 SH   DFND 1 18,000 0 0
ISHARES TR CORE S&P 500 ETF 464287200 1,306,809 4,860,737 SH   SOLE   4,860,737 0 0
ISHARES TR IBOXX INV CP ETF 464287242 638,944 5,256,200 SH   SOLE   5,256,200 0 0
ISHARES TR RUS 1000 ETF 464287622 156,635 1,054,000 SH   SOLE   1,054,000 0 0
JOHNSON & JOHNSON COM 478160104 4,457 31,900 SH   DFND 1 31,900 0 0
JPMORGAN CHASE & CO COM 46625H100 5,465 51,100 SH   DFND 1 51,100 0 0
MASTERCARD INCORPORATED CL A 57636Q104 5,419 35,800 SH   DFND 1 35,800 0 0
MERCK & CO INC COM 58933Y105 2,695 47,900 SH   DFND 1 47,900 0 0
MICROSOFT CORP COM 594918104 6,929 81,000 SH   DFND 1 81,000 0 0
NETFLIX INC COM 64110L106 2,227 11,600 SH   DFND 1 11,600 0 0
NIKE INC CL B 654106103 4,472 71,500 SH   DFND 1 71,500 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,449 10,000 SH   DFND 1 10,000 0 0
PEPSICO INC COM 713448108 3,154 26,300 SH   DFND 1 26,300 0 0
PIONEER NAT RES CO COM 723787107 1,901 11,000 SH   DFND 1 11,000 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 81,618 524,000 SH   SOLE   524,000 0 0
PRAXAIR INC COM 74005P104 1,377 8,900 SH   DFND 1 8,900 0 0
PROCTER AND GAMBLE CO COM 742718109 2,196 23,900 SH   DFND 1 23,900 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 50,210 1,799,000 SH   SOLE   1,799,000 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 92,317 1,220,000 SH   SOLE   1,220,000 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 104,686 1,637,000 SH   SOLE   1,637,000 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 31,383 318,000 SH   SOLE   318,000 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 22,578 373,000 SH   SOLE   373,000 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 4,478 85,000 SH   DFND 1 85,000 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 2,718 82,500 SH   DFND 1 82,500 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 87,663 354,365 SH   SOLE   354,365 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 1,162,664 4,356,832 SH   SOLE   4,356,832 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 107 400 SH   DFND 1 400 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 3,152 16,600 SH   DFND 1 16,600 0 0
TRAVELERS COMPANIES INC COM 89417E109 4,734 34,900 SH   DFND 1 34,900 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,296 18,000 SH   DFND 1 18,000 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 1,514,335 6,173,650 SH   SOLE   6,173,650 0 0
VANGUARD INDEX FDS LARGE CAP ETF 922908637 182,644 1,490,000 SH   SOLE   1,490,000 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,778 33,600 SH   DFND 1 33,600 0 0
VISA INC COM CL A 92826C839 5,427 47,600 SH   DFND 1 47,600 0 0