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 2,656 16,100 SH   DFND 1 16,100 0 0
ABBVIE INC COM 00287Y109 1,405 24,000 SH   DFND 1 24,000 0 0
AMAZON COM INC COM 023135106 4,614 12,400 SH   DFND 1 12,400 0 0
AMERICAN EXPRESS CO COM 025816109 2,344 30,000 SH   DFND 1 30,000 0 0
APPLE INC COM 037833100 8,884 71,400 SH   DFND 1 71,400 0 0
AT&T INC COM 00206R102 555 17,000 SH   DFND 1 17,000 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 1,447 16,900 SH   DFND 1 16,900 0 0
AUTOZONE INC COM 053332102 4,229 6,200 SH   DFND 1 6,200 0 0
BECTON DICKINSON & CO COM 075887109 4,193 29,200 SH   DFND 1 29,200 0 0
CHEVRON CORP NEW COM 166764100 2,499 23,800 SH   DFND 1 23,800 0 0
COCA COLA CO COM 191216100 2,822 69,600 SH   DFND 1 69,600 0 0
CVS HEALTH CORP COM 126650100 1,651 16,000 SH   DFND 1 16,000 0 0
DISNEY WALT CO COM DISNEY 254687106 4,017 38,300 SH   DFND 1 38,300 0 0
DOLLAR GEN CORP NEW COM 256677105 1,734 23,000 SH   DFND 1 23,000 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 3,073 43,000 SH   DFND 1 43,000 0 0
E M C CORP MASS COM 268648102 2,045 80,000 SH   DFND 1 80,000 0 0
EATON CORP PLC SHS G29183103 1,393 20,500 SH   DFND 1 20,500 0 0
EMERSON ELEC CO COM 291011104 1,965 34,700 SH   DFND 1 34,700 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 2,299 26,500 SH   DFND 1 26,500 0 0
EXXON MOBIL CORP COM 30231G102 3,621 42,600 SH   DFND 1 42,600 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 2,098 130,000 SH   DFND 1 130,000 0 0
FRANKLIN RES INC COM 354613101 1,478 28,800 SH   DFND 1 28,800 0 0
GENERAL MLS INC COM 370334104 2,106 37,200 SH   DFND 1 37,200 0 0
GILEAD SCIENCES INC COM 375558103 3,140 32,000 SH   DFND 1 32,000 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 3,050 19,000 SH   DFND 1 19,000 0 0
INTUIT COM 461202103 1,745 18,000 SH   DFND 1 18,000 0 0
ISHARES MSCI MALAYSI ETF 464286830 18,441 1,387,564 SH   SOLE   1,387,564 0 0
ISHARES MSCI MEX CAP ETF 464286822 42,530 733,786 SH   SOLE   733,786 0 0
ISHARES TR CORE S&P 500 ETF 464287200 476,435 2,292,425 SH   SOLE   2,292,425 0 0
ISHARES TR IBOXX INV CP ETF 464287242 492,220 4,044,200 SH   SOLE   4,044,200 0 0
ISHARES TR MSCI INDONIA ETF 46429B309 21,887 788,723 SH   SOLE   788,723 0 0
ISHARES TR MSCI PHILIPS ETF 46429B408 16,182 389,000 SH   SOLE   389,000 0 0
ISHARES TR RUS 1000 ETF 464287622 92,217 796,000 SH   SOLE   796,000 0 0
JOHNSON & JOHNSON COM 478160104 3,209 31,900 SH   DFND 1 31,900 0 0
JPMORGAN CHASE & CO COM 46625H100 3,096 51,100 SH   DFND 1 51,100 0 0
MASTERCARD INC CL A 57636Q104 4,060 47,000 SH   DFND 1 47,000 0 0
MCDONALDS CORP COM 580135101 818 8,400 SH   DFND 1 8,400 0 0
MERCK & CO INC NEW COM 58933Y105 2,753 47,900 SH   DFND 1 47,900 0 0
MICROSOFT CORP COM 594918104 1,626 40,000 SH   DFND 1 40,000 0 0
NIKE INC CL B 654106103 5,017 50,000 SH   DFND 1 50,000 0 0
NORFOLK SOUTHERN CORP COM 655844108 3,685 35,800 SH   DFND 1 35,800 0 0
PEPSICO INC COM 713448108 2,515 26,300 SH   DFND 1 26,300 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 55,334 524,000 SH   SOLE   524,000 0 0
PRAXAIR INC COM 74005P104 1,075 8,900 SH   DFND 1 8,900 0 0
PROCTER & GAMBLE CO COM 742718109 1,958 23,900 SH   DFND 1 23,900 0 0
QUALCOMM INC COM 747525103 901 13,000 SH   DFND 1 13,000 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 2,666 60,000 SH   DFND 1 60,000 0 0
SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 209,076 1,177,365 SH   SOLE   1,177,365 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 415,302 2,011,832 SH   SOLE   2,011,832 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 5,574 27,000 SH   DFND 1 27,000 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 2,230 16,600 SH   DFND 1 16,600 0 0
TRAVELERS COMPANIES INC COM 89417E109 4,206 38,900 SH   DFND 1 38,900 0 0
UNITED TECHNOLOGIES CORP COM 913017109 2,110 18,000 SH   DFND 1 18,000 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 461,894 2,441,300 SH   SOLE   2,441,300 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 564 11,600 SH   DFND 1 11,600 0 0
VISA INC COM CL A 92826C839 2,093 32,000 SH   DFND 1 32,000 0 0
WELLS FARGO & CO NEW COM 949746101 4,080 75,000 SH   DFND 1 75,000 0 0
WISDOMTREE TR INDIA ERNGS FD 97717W422 23,416 1,027,000 SH   SOLE   1,027,000 0 0