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 7,020 45,000 SH   DFND 1,2 45,000 0 0
Abbvie Inc COM 00287Y109 5,628 57,320 SH   DFND 1,2 57,320 0 0
Altria Group Inc COM 02209S103 6,280 160,000 SH   DFND 1,2 160,000 0 0
American Express Co COM 025816109 2,856 30,000 SH   DFND 1,2 30,000 0 0
American International Group Inc COM 026874784 2,962 95,000 SH   DFND 1,2 95,000 0 0
Amgen Inc COM 031162100 1,651 7,000 SH   DFND 1,2 7,000 0 0
Amphenol Corp COM 032095101 1,437 15,000 SH   DFND 1,2 15,000 0 0
Anheuser-busch Inbev Sa/nv ADR 03524A108 5,177 105,000 SH   DFND 1,2 105,000 0 0
Anthem Inc COM 036752103 1,052 4,000 SH   DFND 1,2 4,000 0 0
At&t Inc COM 00206R102 11,639 385,000 SH   DFND 1,2 385,000 0 0
Automatic Data Processing Inc COM 053015103 1,489 10,000 SH   DFND 1,2 10,000 0 0
Baidu Inc ADR 056752108 8,153 68,000 SH   DFND 1,2 68,000 0 0
Bank Of America Corp COM 060505104 5,344 225,000 SH   DFND 1,2 225,000 0 0
Bank Of New York Mellon Corp/the COM 064058100 4,252 110,000 SH   DFND 1,2 110,000 0 0
Bayer Ag ADR 072730302 2,234 120,000 SH   DFND 1,2 120,000 0 0
Becton Dickinson And Co COM 075887109 2,393 10,000 SH   DFND 1,2 10,000 0 0
Berkshire Hathaway Inc COM 084670702 7,497 42,000 SH   DFND 1,2 42,000 0 0
Boeing Co/the COM 097023105 10,082 55,000 SH   DFND 1,2 55,000 0 0
Booking Holdings Inc COM 09857L108 4,459 2,800 SH   DFND 1,2 2,800 0 0
Bristol-myers Squibb Co COM 110122108 823 14,000 SH   DFND 1 14,000 0 0
Broadcom Inc COM 11135F101 7,890 25,000 SH   DFND 1,2 25,000 0 0
Cardinal Health Inc COM 14149Y108 783 15,000 SH   DFND 1 15,000 0 0
Carnival Corp COM 143658300 1,478 90,000 SH   DFND 1,2 90,000 0 0
Carrier Global Corp COM 14448C104 667 30,000 SH   DFND 1,2 30,000 0 0
Caterpillar Inc COM 149123101 1,898 15,000 SH   DFND 1,2 15,000 0 0
Chevron Corp COM 166764100 9,101 102,000 SH   DFND 1,2 102,000 0 0
Chubb Ltd COM H1467J104 1,519 12,000 SH   DFND 1,2 12,000 0 0
Cigna Corp COM 125523100 938 5,000 SH   DFND 1,2 5,000 0 0
Cisco Systems Inc COM 17275R102 6,296 135,000 SH   DFND 1,2 135,000 0 0
Citigroup Inc COM 172967424 5,366 105,000 SH   DFND 1,2 105,000 0 0
Cme Group Inc COM 12572Q105 1,300 8,000 SH   DFND 1,2 8,000 0 0
Coca-cola Co/the COM 191216100 7,417 166,000 SH   DFND 1,2 166,000 0 0
Comcast Corp COM 20030N101 4,873 125,000 SH   DFND 1,2 125,000 0 0
Constellation Brands Inc COM 21036P108 4,024 23,000 SH   DFND 1,2 23,000 0 0
Corteva Inc COM 22052L104 625 23,332 SH   DFND 1,2 23,332 0 0
Csx Corp COM 126408103 1,395 20,000 SH   DFND 1,2 20,000 0 0
Cvs Health Corp COM 126650100 6,822 105,000 SH   DFND 1 105,000 0 0
Devon Energy Corp COM 25179M103 510 45,000 SH   DFND 1 45,000 0 0
Discover Financial Services COM 254709108 701 14,000 SH   DFND 1,2 14,000 0 0
Dow Inc COM 260557103 1,427 35,000 SH   DFND 1,2 35,000 0 0
Duke Energy Corp COM 26441C204 7,590 95,000 SH   DFND 1,2 95,000 0 0
DUPONT DE NEMOURS INC COM 26614N102 1,240 23,332 SH   DFND 1,2 23,332 0 0
Emerson Electric Co COM 291011104 930 15,000 SH   DFND 1,2 15,000 0 0
Expedia Group Inc COM 30212P303 822 10,000 SH   DFND 1,2 10,000 0 0
Exxon Mobil Corp COM 30231G102 11,179 250,000 SH   DFND 1,2 250,000 0 0
Fedex Corp COM 31428X106 7,011 50,000 SH   DFND 1,2 50,000 0 0
Ford Motor Co COM 345370860 3,040 500,000 SH   DFND 1 500,000 0 0
Franklin Resources Inc COM 354613101 2,936 140,000 SH   DFND 2 140,000 0 0
General Dynamics Corp COM 369550108 3,886 26,000 SH   DFND 1,2 26,000 0 0
General Electric Co COM 369604103 4,815 705,000 SH   DFND 1,2 705,000 0 0
General Motors Co COM 37045V100 1,012 40,000 SH   DFND 1,2 40,000 0 0
Gilead Sciences Inc COM 375558103 5,386 70,000 SH   DFND 1 70,000 0 0
Goldman Sachs Group Inc/the COM 38141G104 1,581 8,000 SH   DFND 1,2 8,000 0 0
Honeywell International Inc COM 438516106 5,784 40,000 SH   DFND 1,2 40,000 0 0
Intel Corp COM 458140100 2,573 43,000 SH   DFND 1,2 43,000 0 0
International Business Machines Corp COM 459200101 5,555 46,000 SH   DFND 2 46,000 0 0
Ishares Core S&p Mid-cap Etf ETF 464287507 14,225 80,000 SH   DFND 1,2 80,000 0 0
Ishares Core S&p Small-cap Etf ETF 464287804 40,290 590,000 SH   DFND 1,2 590,000 0 0
Ishares Select Dividend Etf ETF 464287168 35,516 440,000 SH   DFND 1 440,000 0 0
Jpmorgan Chase & Co COM 46625H100 7,149 76,000 SH   DFND 1,2 76,000 0 0
Kraft Heinz Co/the COM 500754106 4,178 131,000 SH   DFND 1,2 131,000 0 0
Lockheed Martin Corp COM 539830109 2,554 7,000 SH   DFND 1,2 7,000 0 0
Lyft Inc COM 55087P104 1,915 58,000 SH   DFND 1,2 58,000 0 0
Marriott International Inc/md COM 571903202 857 10,000 SH   DFND 1,2 10,000 0 0
Mastercard Inc COM 57636Q104 5,323 18,000 SH   DFND 1,2 18,000 0 0
Mcdonald's Corp COM 580135101 4,612 25,000 SH   DFND 1,2 25,000 0 0
Mckesson Corp COM 58155Q103 4,603 30,000 SH   DFND 1 30,000 0 0
Medtronic Plc COM G5960L103 3,210 35,000 SH   DFND 1,2 35,000 0 0
Merck & Co Inc COM 58933Y105 7,114 92,000 SH   DFND 1,2 92,000 0 0
Mondelez International Inc COM 609207105 2,812 55,000 SH   DFND 1,2 55,000 0 0
Morgan Stanley COM 617446448 1,449 30,000 SH   DFND 1,2 30,000 0 0
Mylan Nv COM 628530107 2,171 135,000 SH   DFND 1 135,000 0 0
National Oilwell Varco Inc COM 637071101 306 25,000 SH   DFND 1 25,000 0 0
Nike Inc COM 654106103 2,942 30,000 SH   DFND 1,2 30,000 0 0
Norfolk Southern Corp COM 655844108 878 5,000 SH   DFND 1,2 5,000 0 0
Oracle Corp COM 68389X105 4,974 90,000 SH   DFND 1,2 90,000 0 0
Otis Worldwide Corp COM 68902V107 853 15,000 SH   DFND   15,000 0 0
Paychex Inc COM 704326107 1,136 15,000 SH   DFND 1,2 15,000 0 0
Pepsico Inc COM 713448108 4,629 35,000 SH   DFND 1,2 35,000 0 0
Pfizer Inc COM 717081103 9,320 285,000 SH   DFND 1,2 285,000 0 0
Philip Morris International Inc COM 718172109 6,656 95,000 SH   DFND 1,2 95,000 0 0
Procter & Gamble Co/the COM 742718109 2,391 20,000 SH   DFND 1,2 20,000 0 0
Prudential Financial Inc COM 744320102 4,872 80,000 SH   DFND 1,2 80,000 0 0
Qualcomm Inc COM 747525103 2,736 30,000 SH   DFND 1,2 30,000 0 0
Raytheon Technologies Corp COM 75513E101 4,806 78,000 SH   DFND 1,2 78,000 0 0
Royal Caribbean Cruises Ltd COM V7780T103 704 14,000 SH   DFND 1,2 14,000 0 0
Schlumberger Ltd COM 806857108 1,103 60,000 SH   DFND 1 60,000 0 0
Snap-on Inc COM 833034101 1,385 10,000 SH   DFND 1,2 10,000 0 0
Southwestern Energy Co COM 845467109 1,190 465,000 SH   DFND 1 465,000 0 0
Starbucks Corp COM 855244109 3,977 54,038 SH   DFND 1,2 54,038 0 0
State Street Corp COM 857477103 4,449 70,000 SH   DFND 1,2 70,000 0 0
Sysco Corp COM 871829107 1,421 26,000 SH   DFND 1,2 26,000 0 0
Target Corp COM 87612E106 1,799 15,000 SH   DFND 1,2 15,000 0 0
Texas Instruments Inc COM 882508104 3,174 25,000 SH   DFND 1,2 25,000 0 0
Uber Technologies Inc COM 90353T100 2,424 78,000 SH   DFND 1,2 78,000 0 0
Under Armour Inc COM 904311107 974 100,000 SH   DFND 1 100,000 0 0
Union Pacific Corp COM 907818108 2,705 16,000 SH   DFND 1,2 16,000 0 0
United Parcel Service Inc COM 911312106 3,780 34,000 SH   DFND 1,2 34,000 0 0
Unitedhealth Group Inc COM 91324P102 7,079 24,000 SH   DFND 1,2 24,000 0 0
Us Bancorp COM 902973304 2,393 65,000 SH   DFND 1,2 65,000 0 0
Utilities Select Sector Spdr Fund ETF 81369Y886 7,900 140,000 SH   DFND 1,2 140,000 0 0
Vanguard Ftse Developed Markets Etf ETF 921943858 71,179 1,835,000 SH   DFND 1 1,835,000 0 0
Vanguard Ftse Emerging Markets Etf ETF 922042858 18,418 465,000 SH   DFND 1 465,000 0 0
Vanguard Real Estate Etf ETF 922908553 15,312 195,000 SH   DFND 1,2 195,000 0 0
Verizon Communications Inc COM 92343V104 13,783 250,000 SH   DFND 1,2 250,000 0 0
Viacomcbs Inc COM 92556H206 1,166 50,000 SH   DFND 1,2 50,000 0 0
Visa Inc COM 92826C839 7,727 40,000 SH   DFND 1,2 40,000 0 0
Walgreens Boots Alliance Inc COM 931427108 4,663 110,000 SH   DFND 1,2 110,000 0 0
Walt Disney Co/the COM 254687106 7,806 70,000 SH   DFND 1,2 70,000 0 0
Wells Fargo & Co COM 949746101 8,704 340,000 SH   DFND 1,2 340,000 0 0
Xilinx Inc COM 983919101 2,952 30,000 SH   DFND 1,2 30,000 0 0
Yum! Brands Inc COM 988498101 2,173 25,000 SH   DFND 1,2 25,000 0 0