# EDGAR Filing Document

**Accession Number:** 0001549449
**File Stem:** 0001549449-23-000001
**Filing Date:** 2023-1
**Character Count:** 8119
**Document Hash:** c43462384c9476027e24db910411ac8c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001549449-23-000001.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001549449-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230123

**EFFECTIVENESS DATE**: 20230124

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gunma Bank,Ltd.
- **CENTRAL INDEX KEY:** 0001549449
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15260
- **FILM NUMBER:** 23545548

**BUSINESS ADDRESS:**
- **STREET 1:** 194,MOTOSOJAMACHI
- **STREET 2:** MAEBASHI
- **CITY:** GUNMA
- **STATE:** M0
- **ZIP:** 371-8611
- **BUSINESS PHONE:** 827-254-3737

**MAIL ADDRESS:**
- **STREET 1:** 194,MOTOSOJAMACHI
- **STREET 2:** MAEBASHI
- **CITY:** GUNMA
- **STATE:** M0
- **ZIP:** 371-8611

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Gunma BankLtd.<br>**Address:** 194MOTOSOJAMACHI<br>MAEBASHI<br>GUNMA, M0 371-8611

**Form 13F File Number:** 028-15260

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Yosuke Noguchi<br>**Title:** Deputy General Manager<br>**Phone:** 8127-254-3717

**Signature, Place, and Date of Signing:**

Yosuke Noguchi  Gunma, M0  01-23-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 45

**Form 13F Information Table Value Total:** $201491

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ISHARES INC | MSCI AUST ETF | 464286103 |  | 6224 | 280000 | SH |  | SOLE |  | 280000 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 6567 | 63000 | SH |  | SOLE |  | 63000 | 0 | 0 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 5909 | 49000 | SH |  | SOLE |  | 49000 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 8008 | 74000 | SH |  | SOLE |  | 74000 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 15259 | 185000 | SH |  | SOLE |  | 185000 | 0 | 0 |
| ISHARES TR | COHEN STEER REIT | 464287564 |  | 3510 | 64000 | SH |  | SOLE |  | 64000 | 0 | 0 |
| SPDR SER TR | DJ REIT ETF | 78464A607 |  | 4793 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 |  | 12713 | 151000 | SH |  | SOLE |  | 151000 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 3384 | 48000 | SH |  | SOLE |  | 48000 | 0 | 0 |
| ISHARES TR | GLOBAL REIT ETF | 46434V647 |  | 9538 | 420000 | SH |  | SOLE |  | 420000 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 4567 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 2430 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 7457 | 19500 | SH |  | SOLE |  | 19500 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2305 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 1742 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ISHARES TR | CORE DIV GRWTH | 46434V621 |  | 4250 | 85000 | SH |  | SOLE |  | 85000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 5059 | 19000 | SH |  | SOLE |  | 19000 | 0 | 0 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 958 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 4978 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 2853 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 |  | 4263 | 221000 | SH |  | SOLE |  | 221000 | 0 | 0 |
| SPDR SER TR | PORTFOLIO S | 78464A854 |  | 4723 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 4155 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 3369 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 1584 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| SPDR SER TR | PRTFLO S VL | 78464A508 |  | 2489 | 64000 | SH |  | SOLE |  | 64000 | 0 | 0 |
| VANGUARD WORLD FDS | UTILITIES ETF | 92204A876 |  | 1534 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 2938 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| ISHARES TR | MSCI USA VALUE | 46432F388 |  | 2279 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | S HDL VOL | 46138E362 |  | 5917 | 135000 | SH |  | SOLE |  | 135000 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 5353 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| ISHARES TR | CORE S TTL STK | 464287150 |  | 4664 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 1836 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 3158 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| SPDR SER TR | PRTFLO S HI | 78468R788 |  | 5343 | 135000 | SH |  | SOLE |  | 135000 | 0 | 0 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 |  | 4500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 1358 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 10267 | 278000 | SH |  | SOLE |  | 278000 | 0 | 0 |
| ISHARES TR | CRE U S REIT ETF | 464288521 |  | 3462 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S QUALITY | 46137V241 |  | 1496 | 34000 | SH |  | SOLE |  | 34000 | 0 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 1835 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1312 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| VANGUARD WHITEHALL FDS | INTL HIGH ETF | 921946794 |  | 3515 | 59000 | SH |  | SOLE |  | 59000 | 0 | 0 |
| VANGUARD WORLD FDS | ENERGY ETF | 92204A306 |  | 3760 | 31000 | SH |  | SOLE |  | 31000 | 0 | 0 |
| SPDR INDEX SHS FDS | GLB NAT RESRCE | 78463X541 |  | 3877 | 68000 | SH |  | SOLE |  | 68000 | 0 | 0 |

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