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<ns1:informationTable xmlns:ns1="http://www.sec.gov/edgar/document/thirteenf/informationtable">
	<ns1:infoTable>
		<ns1:nameOfIssuer>INVESCO QQQ TR UNIT SER 1</ns1:nameOfIssuer>
		<ns1:titleOfClass>Exchanged Traded Fund</ns1:titleOfClass>
		<ns1:cusip>46090E103</ns1:cusip>
		<ns1:value>110966</ns1:value>
		<ns1:shrsOrPrnAmt>
			<ns1:sshPrnamt>150000</ns1:sshPrnamt>
			<ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
		</ns1:shrsOrPrnAmt>
		<ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
		<ns1:otherManager>N/A</ns1:otherManager>
		<ns1:votingAuthority>
			<ns1:Sole>150000</ns1:Sole>
			<ns1:Shared>0</ns1:Shared>
			<ns1:None>0</ns1:None>
		</ns1:votingAuthority>
	</ns1:infoTable>
	<ns1:infoTable>
		<ns1:nameOfIssuer>INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF</ns1:nameOfIssuer>
		<ns1:titleOfClass>Exchanged Traded Fund</ns1:titleOfClass>
		<ns1:cusip>46138G649</ns1:cusip>
		<ns1:value>80120</ns1:value>
		<ns1:shrsOrPrnAmt>
			<ns1:sshPrnamt>263000</ns1:sshPrnamt>
			<ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
		</ns1:shrsOrPrnAmt>
		<ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
		<ns1:otherManager>N/A</ns1:otherManager>
		<ns1:votingAuthority>
			<ns1:Sole>263000</ns1:Sole>
			<ns1:Shared>0</ns1:Shared>
			<ns1:None>0</ns1:None>
		</ns1:votingAuthority>
	</ns1:infoTable>
	<ns1:infoTable>
		<ns1:nameOfIssuer>ISHARES TR CORE S&amp;P500 ETF</ns1:nameOfIssuer>
		<ns1:titleOfClass>Exchanged Traded Fund</ns1:titleOfClass>
		<ns1:cusip>464287200</ns1:cusip>
		<ns1:value>241607</ns1:value>
		<ns1:shrsOrPrnAmt>
			<ns1:sshPrnamt>315475</ns1:sshPrnamt>
			<ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
		</ns1:shrsOrPrnAmt>
		<ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
		<ns1:otherManager>N/A</ns1:otherManager>
		<ns1:votingAuthority>
			<ns1:Sole>315475</ns1:Sole>
			<ns1:Shared>0</ns1:Shared>
			<ns1:None>0</ns1:None>
		</ns1:votingAuthority>
	</ns1:infoTable>
	<ns1:infoTable>
		<ns1:nameOfIssuer>STATE STR SPDR S&amp;P 500 ETF T TR UNIT</ns1:nameOfIssuer>
		<ns1:titleOfClass>Exchanged Traded Fund</ns1:titleOfClass>
		<ns1:cusip>78462F103</ns1:cusip>
		<ns1:value>145662</ns1:value>
		<ns1:shrsOrPrnAmt>
			<ns1:sshPrnamt>191000</ns1:sshPrnamt>
			<ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
		</ns1:shrsOrPrnAmt>
		<ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
		<ns1:otherManager>N/A</ns1:otherManager>
		<ns1:votingAuthority>
			<ns1:Sole>191000</ns1:Sole>
			<ns1:Shared>0</ns1:Shared>
			<ns1:None>0</ns1:None>
		</ns1:votingAuthority>
	</ns1:infoTable>
	<ns1:infoTable>
		<ns1:nameOfIssuer>SPDR SERIES TRUST ST STR P500ETF</ns1:nameOfIssuer>
		<ns1:titleOfClass>Exchanged Traded Fund</ns1:titleOfClass>
		<ns1:cusip>78464A854</ns1:cusip>
		<ns1:value>76790</ns1:value>
		<ns1:shrsOrPrnAmt>
			<ns1:sshPrnamt>855500</ns1:sshPrnamt>
			<ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
		</ns1:shrsOrPrnAmt>
		<ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
		<ns1:otherManager>N/A</ns1:otherManager>
		<ns1:votingAuthority>
			<ns1:Sole>855500</ns1:Sole>
			<ns1:Shared>0</ns1:Shared>
			<ns1:None>0</ns1:None>
		</ns1:votingAuthority>
	</ns1:infoTable>
	<ns1:infoTable>
		<ns1:nameOfIssuer>SELECT SECTOR SPDR TR ST STR INDL ETF</ns1:nameOfIssuer>
		<ns1:titleOfClass>Exchanged Traded Fund</ns1:titleOfClass>
		<ns1:cusip>81369Y704</ns1:cusip>
		<ns1:value>3674</ns1:value>
		<ns1:shrsOrPrnAmt>
			<ns1:sshPrnamt>22000</ns1:sshPrnamt>
			<ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
		</ns1:shrsOrPrnAmt>
		<ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
		<ns1:otherManager>N/A</ns1:otherManager>
		<ns1:votingAuthority>
			<ns1:Sole>22000</ns1:Sole>
			<ns1:Shared>0</ns1:Shared>
			<ns1:None>0</ns1:None>
		</ns1:votingAuthority>
	</ns1:infoTable>
	<ns1:infoTable>
		<ns1:nameOfIssuer>SELECT SECTOR SPDR TR ST STR TECHN ETF</ns1:nameOfIssuer>
		<ns1:titleOfClass>Exchanged Traded Fund</ns1:titleOfClass>
		<ns1:cusip>81369Y803</ns1:cusip>
		<ns1:value>10766</ns1:value>
		<ns1:shrsOrPrnAmt>
			<ns1:sshPrnamt>55000</ns1:sshPrnamt>
			<ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
		</ns1:shrsOrPrnAmt>
		<ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
		<ns1:otherManager>N/A</ns1:otherManager>
		<ns1:votingAuthority>
			<ns1:Sole>55000</ns1:Sole>
			<ns1:Shared>0</ns1:Shared>
			<ns1:None>0</ns1:None>
		</ns1:votingAuthority>
	</ns1:infoTable>
	<ns1:infoTable>
		<ns1:nameOfIssuer>VANGUARD WORLD FD INF TECH ETF</ns1:nameOfIssuer>
		<ns1:titleOfClass>Exchanged Traded Fund</ns1:titleOfClass>
		<ns1:cusip>92204A702</ns1:cusip>
		<ns1:value>169906</ns1:value>
		<ns1:shrsOrPrnAmt>
			<ns1:sshPrnamt>1352000</ns1:sshPrnamt>
			<ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
		</ns1:shrsOrPrnAmt>
		<ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
		<ns1:otherManager>N/A</ns1:otherManager>
		<ns1:votingAuthority>
			<ns1:Sole>1352000</ns1:Sole>
			<ns1:Shared>0</ns1:Shared>
			<ns1:None>0</ns1:None>
		</ns1:votingAuthority>
	</ns1:infoTable>
	<ns1:infoTable>
		<ns1:nameOfIssuer>VANGUARD INDEX FDS S&amp;P 500 ETF SHS</ns1:nameOfIssuer>
		<ns1:titleOfClass>Exchanged Traded Fund</ns1:titleOfClass>
		<ns1:cusip>922908363</ns1:cusip>
		<ns1:value>178789</ns1:value>
		<ns1:shrsOrPrnAmt>
			<ns1:sshPrnamt>255100</ns1:sshPrnamt>
			<ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
		</ns1:shrsOrPrnAmt>
		<ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
		<ns1:otherManager>N/A</ns1:otherManager>
		<ns1:votingAuthority>
			<ns1:Sole>255100</ns1:Sole>
			<ns1:Shared>0</ns1:Shared>
			<ns1:None>0</ns1:None>
		</ns1:votingAuthority>
	</ns1:infoTable>
	<ns1:infoTable>
		<ns1:nameOfIssuer>VANGUARD INDEX FDS MRNGSTR TTL STK</ns1:nameOfIssuer>
		<ns1:titleOfClass>Exchanged Traded Fund</ns1:titleOfClass>
		<ns1:cusip>922908769</ns1:cusip>
		<ns1:value>62124</ns1:value>
		<ns1:shrsOrPrnAmt>
			<ns1:sshPrnamt>166000</ns1:sshPrnamt>
			<ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
		</ns1:shrsOrPrnAmt>
		<ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
		<ns1:otherManager>N/A</ns1:otherManager>
		<ns1:votingAuthority>
			<ns1:Sole>166000</ns1:Sole>
			<ns1:Shared>0</ns1:Shared>
			<ns1:None>0</ns1:None>
		</ns1:votingAuthority>
	</ns1:infoTable>
	<ns1:infoTable>
		<ns1:nameOfIssuer>WISDOMTREE TR US QTLY DIV GRT</ns1:nameOfIssuer>
		<ns1:titleOfClass>Exchanged Traded Fund</ns1:titleOfClass>
		<ns1:cusip>97717X669</ns1:cusip>
		<ns1:value>37924</ns1:value>
		<ns1:shrsOrPrnAmt>
			<ns1:sshPrnamt>390000</ns1:sshPrnamt>
			<ns1:sshPrnamtType>SH</ns1:sshPrnamtType>
		</ns1:shrsOrPrnAmt>
		<ns1:investmentDiscretion>SOLE</ns1:investmentDiscretion>
		<ns1:otherManager>N/A</ns1:otherManager>
		<ns1:votingAuthority>
			<ns1:Sole>390000</ns1:Sole>
			<ns1:Shared>0</ns1:Shared>
			<ns1:None>0</ns1:None>
		</ns1:votingAuthority>
	</ns1:infoTable>
</ns1:informationTable>
